NEPSE index drops to 2,922 points

By A Staff Reporter,Kathmandu, Aug,1 : The benchmark of share market index, NEPSE, has recorded a double-digit fall on Thursday, the last trading day of the week. The NEPSE has dropped by 31.50 (1.06 per cent) points and closed at 2,922.63 points today. 

The NEPSE index had declined by 47.93 points on Wednesday and 18.44 points on Sunday while the index increased by 7.10 points on Monday and 30.76 points on Tuesday. The NEPSE index which crossed 3,000 points on Tuesday has dropped again to 2,922 points.

The sensitive index which measures the performance of group ‘A’ companies also decreased by 6.71 points to close at 501.12 points. According to NEPSE, the sub-indices of all groups, except finance have decreased sharply in today’s transaction.

Sub-index of life insurance group posted the highest fall of 181.03 points followed by trading and non-life insurance group whose indices decreased by 107.37 points and 94.24 points respectively.

Similarly, sub-index of hotels and tourism group dropped by 71.55 points, hydropower by 44.5 points, development bank by 29.77 points and microfinance by 27.84 points.

The sub-index of banking group decreased by 22.19 points, others by 8.36 points, investment by 1.58 points and mutual fund by 0.12 points. However, the sub-index of finance group increased by 31.24 points. The trading volume has also decreased along with the NEPSE index. 

A total of 36,871,244 shares worth Rs. 15.98 billion of 381 companies were bought and sold in 168,594 transactions today. On Wednesday, about 28,528,560 shares worth Rs. 16.18 billion had been bought and sold.

The share price of 240 companies decreased while the share price of 71 companies increased in today’s transaction. On Thursday, share price of Bhugol Energy Development Company decreased by 7.10 per cent, Mai Khola Hydropower by 5.7 per cent and Upper Solu Hydroelectric Company by 4.94 per cent.

However, share prices of Trade Tower and Nepal Finance increased by 10 per cent each while share price of Corporate Development Bank increased by 9.97 per cent and Green Development Bank by 9.92 per cent.