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NEPSE pulls out of dive
KATHMANDU, JUN 20 -
The Nepal Stock Exchange (NEPSE) posted a gain of 0.36 point on the first day of trading this week after suffering continuous losses last week. The index settled at 474.63 points when the market closed on Sunday.
A rise in the indices of hydropower companies, commercial banks, finance companies and insurance companies pushed up the stock market.
The hydropower index led the winners with a 6.04 point upswing followed by commercial banks, finance companies and insurance companies which gained 1.82 points, 0.41 point and 0.28 point respectively.
The others sector led the losers with a drop of 4.7 points, followed by hotels and development banks with losses of 2.27 points and 1.15 points respectively.
Nabil Bank’s promoter shares rose Rs. 30 per share to post the highest gain among the 24 commercial banks on the trading floor. Shares of Himalayan Bank lost the most on Sunday, dropping Rs. 17 per share.
Nirdhan Utthan Bank posted a gain of Rs. 14 per share to top the group while Ace Development Bank, Bageshwori Development Bank and Resunga Bikas Bank all suffered a drop of Rs. 10 per share.
Pokhara Finance witnessed a rise of Rs. 200 per share while Reliable Finance saw a decline in its share price by Rs. 13 per unit. Among the 66 companies present on the trading floor, share prices of 28 companies went down while the same number of companies witnessed a price rise. The stock market witnessed a turnover of Rs. 18.56 million with the trading of 50,165 shares through 855 transactions.
Posted on: 2010-06-21 08:17
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