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Nepse Freefall From 495 Points

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Nepse Freefall From 495 Points
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By Rashesh Vaidya

Nepse dropped by 6.43 points during previous week. It had closed 494.98 on Sunday, 16th June (the first trading day of the week) and reached 488.55 at the close of Thursday, 21th June (the last trading day of the week). The market floor was open for five days.

In the week, the banking sub-index dropped the highest by 8.92 points closing at 480.60 points. Similarly, the hotel sub-index dropped by 2.83 points. The banking sub-index came down due to fall in the share price of most of the commercial banks. The share price of Himalayan Bank Ltd dropped the highest by Rs 24 per share during the week closing at Rs 676. Similarly, insurance sub-index also declined by 4.91 points. Decline in the share prices of four insurance companies (out of nine traded) during a week made the sub-index fall down to 880.42 points from 885.33 points. At the same time, drop in the ‘others’ sector sub-index continued in the week. Manufacturing and processing sub-index and hydro-power sub-index increased by 0.68 points and 1.99 points respectively. There was no change in trading sub-indices during the week.

Shares of 120 companies were traded at Nepse during the week through 5,077 transactions amounting to Rs 392,787,000. The total number of scrips traded was 1,587,650 which is 407127 scrips more than that of earlier week. Everest Bank topped the list in terms of transaction amount (Rs 103,021,000). Nabil Balanced Fund topped in number of scrips traded during the week. Altogether 379,201scrips of the fund were traded during the week. Commerz and Trust Bank Nepal Ltd was at the top on the basis of the number of transactions (638). During a week, a total of 561,600 scrips of bonus shares of Prime Life Insurance Company were listed at Nepse.


Nepse on Sunday

Nepse Index dropped by 0.92 points today (June 23) from Thursday (June 30) close. The index closed at 487.53 points. Only trading sub-index & finance sub-index increased by 3.28 points & 0.21 points resepctively. There was no change on manufacturing & processing sub-index. Sensitive Index also dropped by 0.10 points clising at 121.30 points. The total of 566,766 shares were traded during a day.

 

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