NEPSE back in red
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KATHMANDU, JUL 23 - The Nepal Stock Exchange (NEPSE) went into seesaw mode shedding 2.95 points on Thursday after gaining on the previous two days.
The benchmark index came down to 469.34 points when the market closed for the day.
Hydropower companies fell drastically on Thursday pulling down the NEPSE index. In contrast to the previous week’s upswing in this sub-index, the group parted with 69.98 points with losses in the share prices of all the listed companies.
Shares of Chilime Hydropower Company and Butwal Power Company went down by a whopping Rs. 110 per share and Rs. 81 per share respectively.
Following the hydropower companies, the sub-indices of groups including commercial banks, development banks and finance companies also slumped by 1.5 points, 0.74 point and 0.33 point respectively.
However, trading companies and insurance companies stayed out of the negative zone by posting marginal gains of 0.17 point and 0.54 point respectively.
Out of the 66 companies on the trading floor, shares
of Citizens Bank International dipped heavily losing Rs. 191 per share while shares of the Bank of Kathmandu and Standard Chartered Bank gained Rs. 14 per share each.
Thursday saw the price of shares of 22 companies go up and 32 companies decrease while 12 companies did not see any change in their share prices.
A total of 54,770 shares amounting to Rs. 27.68 million were traded through 1,032 transactions on the secondary market.
Posted on: 2010-07-23 08:36
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