News Article

Nepse falls by a double-digit point in two consecutive trading days

By Republica

Published: March 16, 2022 04:39 PM

KATHMANDU, March 16: Nepal Stock Exchange (Nepse) fell by 19.65 points on Wednesday–the second consecutive day fall– due to selling pressure from the investors of shares.

The secondary market that opened at 2,650.97 points rose as high as 2,660.58 points before going into a straight fall to finally close at 2,631.32 points. The sensitive index that measures the performance of the top class companies also declined 5.22 points.

Except for non-life insurance, hotels and tourism and mutual funds, the rest of ten trading groups witnessed a fall in average shares prices of their companies. Overall turnover amount stood at Rs 2.57 billion, down from Rs 3.36 billion of Tuesday trading.

In regard to the individual companies, Nepal Doorsanchar Company had its shares worth Rs 163.60 million transacted in the intraday trading. United Idi Mardi and RB Hydropower Limited were the top losers while Emerging Nepal Limited was the top gainer.

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