NEPSE's four-day upward rally ends with 35.37 points loss; only Life Insurance sector shows green
ByPublished: 07:28 pm Jun 28, 2023
KATHMANDU, JUNE 28
NEPSE's four-day upward trend came to an end on Wednesday as it recorded a loss of 35.37 points, equivalent to a 1.62% decline. In the previous four trading days, the market had seen significant growth, rising from 2050.78 to 2186.36, a substantial gain of 135.58 points. Yesterday alone, the market surged by an impressive 56.94 points, closing at 2,186.36.
The market opened today at 2,193.51 points and reached a high of 2,205.97 before dropping to a low of 2,146.06. It eventually closed at 2,150.99 points.
During the day, a total of 280 scrips were traded through 82,359 transactions, with a trading volume of 13,342,996 shares and a turnover of Rs. 5.97 Arba. This indicates that despite the market's decline, investors still hold optimism towards NEPSE.
Himalayan Life Insurance Limited (HLI) had the highest turnover among listed companies, with a value of Rs. 83.70 crores. SHIVM and SHL followed with turnovers of Rs. 28.22 crores and Rs. 23.56 crores, respectively.
HLI witnessed a trading volume of 1,523,712 unit shares through 7,112 transactions, with the last traded price at Rs. 557.90.
Among the listed scripts, HLI and BPW saw positive gains today, while CITY came close to reaching the upper circuit with a 9.99% increase.
On the other hand, Ingwa Hydropower Limited (IHL) experienced the largest decline, with its share price dropping by 6.64%.
Out of the sector sub-indices, only the Life Insurance sector closed in positive territory, while all other sectors closed with losses.