NEPSE declines single point as daily turnover hovers around Rs 4 billion
Published: 03:19 pm Dec 28, 2023
KATHMANDU, DECEMBER 28
The Nepal Stock Exchange (NEPSE) continued its decline on Thursday, dropping 1.93 points or 0.009% to settle at 2,068.90 points at the end of the trading day.
Similarly, the daily turnover continued its downward trend, reaching Rs 4.290 billion from the exchange of 11,658,110 units of shares of 303 companies in 101,504 transactions. The daily turnover, which had surpassed Rs 7 billion on Sunday, also dropped on Wednesday, recording just Rs 5.248 billion.
In line with the decline in the benchmark index, the sensitive index, evaluating 'A' class stocks, also experienced a downturn, dropping to 385.44 points, indicating a decline of 1.62 points or 0.42%. The float index, reflecting the performance of actively traded shares, closed at 142.24 points, showing a decrease of 0.26 points or 0.18%.
As the turbulent market closed, the sub-indices showed mixed results, with six sub-indices recording positive results. The Manufacturing and Processing index gained the most with a 1.12 percent increase, followed by the Hotels and Tourism index with 1.12%. Meanwhile, the Trading index lost the most with a 1.71% drop, followed by the Development Bank index with a 0.73% decline.
In terms of share value, the scrips of a total of 103 companies advanced, 135 declined, and eight remained unchanged, with only Vision Lumbini Urja Company Limited (VLUCL) recording a positive circuit of 10%. Meanwhile, two companies - Dhaulagiri Laghubitta Bittiya Sanstha Limited (DLBS) and BPW Laghubitta Bittiya Sanstha Limited (BPW) recorded a negative circuit break of 10%.
Sonapur Minerals and Oil Limited (SONA) continue to claim the top position in terms of turnover and transactions, with its 328,829 units of shares traded 8,820 times for Rs 143,837,365.40. Himal Dolakha Hydropower Company Limited (HDPC) was also the top company in volume, with 413,154 units of its shares traded on Thursday as well.
The total market capitalization was Rs 3.213 trillion.