KATHMANDU, March 25: Nepal Stock Exchange (NEPSE) on Wednesday plunged 24.45 points to close at 2,935.94 points.
The secondary market got corrected by double-digit points after investors rushed to book profits from rise in share prices in the past three days. According to stockbrokers, selling pressure was seen at higher sides on Wednesday trade.
NEPSE opened at 2,960.40 points added around four points in the pre-opening session. In the first minute of the market opening for the main trading session, the index reached day’s high at 2,969.5 points. In one hour, the index nosedived by a drop of 32 points before taking an upward graph until the last 49 minutes of trading hours. The market came to the day’s low at 2,930.52 points in the last seven minutes, while it recovered around five points in the remaining time before it closed for the day.
Nepse up for a fifth consecutive week
Sector-wise, two were the gainers, with the trading group adding 142.86 points and manufacturing and processing gaining 49.58 points. Of the 11 losers, life insurance, development banks and non-life insurance shed 192.72 points, 151.89 points and 137.55 points, respectively.
The sensitive index which measures the performance of ‘A’ class companies also went down 6.54 points. Daily turnover was recorded at Rs 15.09 billion, up from Rs 14.83 billion on Tuesday.
Among the individual companies, only 45 were the gainers and 213 were the losers. Ngadi Group Power Ltd had the largest turnover of its shares worth Rs 524.74 million.
Aviyan Laghubitta Bittiya Sanstha Limited with a decline of 6.56 percent in its market value was recorded as the highest loser. Two companies including Reliance Spinning Mills and Super Khudi Hydropower Limited were the topmost gainers of 10 percent.
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