KATHMANDU, March 10: Nepal Stock Exchange (NEPSE) on Tuesday witnessed a swing of around 100 points as the market corrected by 32.08 points.
On Monday, the secondary market faced circuit breakers successively to close for the day in just one hour of trading as the market escalated 162.93 points (6 percent). On the following day, the market underwent a wide range of volatility mainly after investors offloaded their shares to book profits, taking the daily turnover to a seven months high of Rs 21.50 billion, according to a stockbroker.
NEPSE, which opened at 2,875.43 points added 36 points in the pre-opening session. The index went down from 2,911.37 points to as low as 2,796.78 points as of the mid trading time. The index gradually recovered around 47 points in the remaining period before the market closed for the day.
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Three sectors were the gainers, with life insurance posting the largest gain of 70.46 points, followed by non-life insurance with 55.77 points and mutual funds with 0.28 points. Of the 10 losers, hotels and tourism shed the largest of 144.83 points.
The heavyweight banking index dropped 19.12 points. The sensitive index which measures the performance of ‘A’ class companies declined 4.40 points.
Among the individual companies, 178 lost their market charms as 78 posted gains. Ngadi Group Power had the largest turnover of its shares worth Rs 1.09 billion.
Him Star Urja Company with a decline of 6.36 percent was the topmost loser. Reliance Spinning Mills Limited added the highest of 10 percent in its market value.
