On Thursday, Nepal Stock Exchange (NEPSE) dropped by 12.04 points, finishing at 2,661.64 points.
Stockbrokers report that the secondary market showed negative performance following an influx of investors looking to secure profits from the increased share prices on Wednesday, as the market index rose by over 62 points.
The secondary market began the session at 2,673.69 points and quickly dropped to reach its lowest point of the day at 2,656.17 points within the initial thirty minutes. After experiencing several ups and downs throughout the day, the market reached its highest level at 2,687.39 points with just over 50 minutes left until the close of trading. In the final stretch, the index lost approximately 26 points before ending the day’s trade.
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Out of the 13 groups analyzed, five showed gains, with the finance sector leading the way by adding 104.93 points. Among the decliners, the trading index experienced the steepest drop, losing 91.58 points.
The delicate indicator tracking the performance of ‘A’ category firms dropped by 2.34 points. The daily trading volume surged to Rs 11.65 billion from Rs 10.51 billion observed on Wednesday.
Out of the separate firms, 96 experienced gains whereas 150 saw losses. The Ngadi Group Power led with a share turnover valued at Rs 784.59 million.
With a drop of 4.15 percent in its market price, Sindhu Bikash Bank emerged as the biggest decliner. Meanwhile, Nepal Micro Insurance Company and Crest Micro Life Insurance stood out as the leading gainers.
Published by HT Digital Content Services with authorization from Republica.
Provided by Syndigate Media Inc. (
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