Nepal Stock Exchange (Nepse) on Tuesday lost 21.35 points to close at 2,190.42 points while daily turnover jumped over Rs 7 billion.
The secondary market opened at 2,211.38 points and soared to the day’s high at 2,277.61 points. However, the market could not maintain the positive vibe and fell to as low as 2,178.19 points, before adding around 12 points to finally close for the day.
According to investors, the market was largely affected by the political development of the day, when Nepali Congress decided to vote in favor of a trust motion for Prime Minister Pushpa Kamal Dahal-led government. Despite a fall in the market index Nepse, the daily turnover amount jumped to Rs 7.65 billion from Rs 5.31 billion on Monday.
In the intraday trading, the market value of 53 companies went up, while 151 companies were the losers. Out of the 13 sub-groups, only banking and mutual fundsP were the gainers. The indices of four sub-groups went down three digit points.
Among individual companies, Ngadi Group Power Ltd had the biggest turnover of its shares worth Rs 212.10 million. Taragaon Regency Hotel Limited was the top loser, while Barahi Hydropower Public Limited gained the highest percent of its market value.
