Kathmandu, July 22
On Monday, there was a sharp fluctuation in the stock market throughout the day. On this day, the market exceeded 2,500 points three times, but at the time of closing, it remained at 2,488 points.
Within 5 minutes of trading, the NEPSE index reached 2504 points, but could not sustain it. The market fell to 2,464 points at 11:14 am and reached 2,501 at 11:24 am, but could not sustain it for the second time. It dropped to 2,442 points around noon. At 2:27 pm it reached 2,501 points but could not sustain.
Finally, the market closed at 2488 points, which is 2.15 points more than the previous day. The market closed amid sharp ups and downs.
The turnover has decreased somewhat. The previous day’s turnover, which exceeded Rs 15 billion, decreased to Rs 13.91 billion today. As the price of 115 companies increased, 121 decreased while 6 remained stable.
Sectors like Banking decreased by 17 points, development bank by 31, hotel and tourism by 14, microfinance by 28 and non-life insurance group decreased by 8 points. However, sectors like Finance increased by 20 points, hydropower by 52, production by 160, others by 26, and business by 67 points.
In terms of percentage, the manufacturing group increased the most by 2.16 per cent while banking decreased by 1.23 per cent. The price of Muktinath Agricultural Company increased by 10 per cent. Nepal Finance increased by 8.6 per cent, Chyangdi Hydropower by 7.9 per cent and Balefi Hydro by 6.8 per cent.
The value of Ganapati Microfinance decreased by 9.9 per cent, Sikles Hydropower by 8.6 per cent, and Jan Utthan Community Microfinance by 3.9 per cent.
Himalayan Reinsurance, Shivam Cement, Kumari Bank, CEDB Hydropower and Himalayan Distillery are seen ahead based on turnover.
