Nepse loses 44.80 points on Tuesday

Nepse loses 44.80 points on Tuesday
By Republica
Published: July 26, 2022 04:01 PM

KATHMANDU, July 26: Nepal Stock Exchange (Nepse) fell 44.80 points on Tuesday after investors rushed to book gains out of the increased share prices in the past two days.

The secondary market gained over 115 points in total on Sunday and Monday. However, the market could not retain its upward graph in the country’s stock exchange market that had long been in the bearish trend.

In Tuesday’s trading, the market opened at 2,132.96 points and reached a maximum of 2,141.22 points. However, the index went into a successive fall in the rest of the trading hours before the market closed finally at 2,088.16 points.

The sensitive index that measures the performance of the blue chips companies plunged by 8.99 points. All 13 trading groups posted losses in their indices, with four of them losing a three-digit point in their average shares prices. The total turnover amount stood at Rs 3.70 billion, down from Rs 4.10 billion on Monday.

Among individual companies, Shivam Cements had the largest transaction of its shares worth Rs 193.66 million. Ganapati Microfinance Bittiya Sanstha Limited was the topmost loser in terms of a fall in share prices while Multipurpose Finance Company Limited was the biggest gainer in its share value.

 

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