NEPSE loses 21.27 points
After reaching a four-month high on Wednesday, the Nepal Stock Exchange (NEPSE) Index plummeted by 21.27 points on Thursday, the last trading day last week. The NEPSE index closed at 718.62 points when trading ended on Thursday.
The sensitive index was also down by 7.11 points. The decline in the NEPSE was due to a huge fall in the banking and hydropower sub-indices. The banking and hydropower sub-indices fell by 32.37 and 30 points respectively. Development bank and finance were two other sub-indices that also slipped on Thursday.
106,208 units of shares worth Rs 89.26 million, of 67 companies, were traded.
The fall in the NEPSE was due to huge selling pressure in the secondary market. 17 out of 19 commercial banks lost.
Laxmi Bank and NMB Bank were the only banks who gained. Share prices of top banks like Nabil and Standard Chartered lost Rs. 320 and Rs. 249 respectively per share.
Thursday saw share prices of seven development banks going down. Among the development banks, Pashupati Development Bank posted a rise of Rs. 39.
Standard Chartered Bank topped the chart in terms of turnover, followed by Nepal Share Market, Bank of Kathmandu, Nabil Bank and Siddhartha Bank.
Among the top five gainers were National Hydropower Company, Pashupati Development Bank, Shree Investment Finance, Nepal Development Bank and Prabhu Finance Company. nepalnews.com May 30 09
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