NEPSE Slumps by 30.56 Points, Closing at 2070.59

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NEPSE Slumps by 30.56 Points, Closing at 2070.59

February 13: The Nepal Stock Exchange (NEPSE) witnessed a decline of 30.56 points or 1.45%, closing at 2070.59 on the third trading day of the week on Tuesday.

Market experts and investors attributed today’s loss to the half-yearly review of monetary policy released by the Nepal Rastra Bank. "The market tumbled today due to the loss of confidence in the central bank among investors," said one investor. The central bank did not make any changes regarding the share market in its half-yearly review.

During today’s trading session, 305 scrips were traded on the NEPSE through 82,899 transactions. A total of 12,165,202 shares changed hands, resulting in a total turnover of Rs 4.66 billion.

Himalayan Reinsurance Limited (HRL) led the turnover with transactions of shares worth Rs 32 crores. Bottlers Nepal Limited (BNL), Samaj Laghubitta Bittiya Sanstha (SAMAJ), and Super Mai Hydropower Limited (SMH) each saw a gain of 10% and hit the positive circuit for the day.

 On the contrary, Gurans Laghubitta Bittiya Sanstha Limited (GLBSL) incurred the highest loss at 9.70%, closing at a market price of Rs 979 per share.

In terms of sector indices, all sector indices closed in the red territory. The Others Index lost 2.27%, while the Finance Index dropped by 2.20%. The HydroPower Index and Trading Index lost 0.58% and 0.52%, respectively.


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