NEPSE index falls sharply

By A Staff Reporter,Kathmandu, Aug. 7: The benchmark of share market index, NEPSE, has tumbled by three digits on Tuesday. The NEPSE index declined by a whopping 145.05 points (5.18 per cent) to close at 2,651.32 points Tuesday.

  Even though NEPSE index fell by high amounts, the transaction amount made a new record in today’s transaction. Shares worth Rs. 23.71 billion were traded today. 

This is the highest ever transaction in a single day in the share market. A total of 53,844,237 shares worth Rs. 23.71 billion of 322 companies were bought and sold in 271,587 transactions today. 

Earlier last Wednesday, a record of high share transaction of Rs. 21.91 billion was set. The sensitive index which measures the performance of group ‘A’ companies declined by 27.22 points (5.53 per cent) to close at 464.56 points.

The sub-indices of all groups have decreased sharply in today’s transaction. Sub-index of life insurance group posted the highest fall of 870.14 points followed by non-life insurance and hotels and tourism group whose indices decreased by 686.81 points and 624.87 points respectively.

The sub-index of manufacturing and processing group decreased by 369.23 points, development bank by 293.69 points and finance group by 281.80 points. Similarly, the sub-index of trading group dropped by 226.44 points, microfinance by 205.14 points, hydropower by 162.15 points, banking by 92.36 points, others by 28.93 points, investment by 7.23 points and mutual fund by 0.34 points. When the share price of 233 companies decreased, only that of eight companies increased and one remained stable.

Share prices of seven companies, including Nepal Finance, Gurkha Finance, Central Finance, Panchakanya Mai Hydropower, NRN Infrastructure and Development, Shuvam Power and Hathway Investment Nepal have declined by 10 per cent.

Similarly, share price of Oriental Hotels decreased by 9.99 per cent, Shree Investment Finance by 9.97 per cent, Taragaon Regency Hotel by 9.96 per cent and Molung Hydropower Company by 9.94 per cent.

However, share price Three Star Hydropower has posted the highest growth by 10 per cent, followed by Kutheli Bukhari Small Hydropower by 9.97 per cent, Laxmi Value Fund 2 by 3.94 per cent and Mega Mutual Fund-1 by 3.81 per cent.