Nepal Stock Exchange (NEPSE) on Monday decreased by 20.46 points to close at 2,661.09 points.
The daily turnover jumped to Rs 19.60 billion from Rs 15.81 billion on Sunday. According to stockbrokers, many investors rushed to book their capital gains out of the hefty rise in the prices of the majority of the shares in the past few days, taking the daily turnover close to Rs 20 billion while witnessing high fluctuations throughout the trading hours.
The market showed very high fluctuation in the intraday trading. It opened at 2,681.56 points and jumped 56 points up in the first one minute. The index plunged around 70 points to as low as 2,668.64 points just in the next eight minutes.
It reached the day’s low at 2,656.27 points when the market was left with two minutes for trading. The market recovered around five points in the remaining period before it closed for the day.
Only finance and hydropower gained 56.62 points and 26.02 points, respectively. Out of the 11 losers, life insurance posted the highest loss of 252.13 points. Microfinance, trading, development bank, non-life insurance, and manufacturing and processing were the losers of three-digit points.
The sensitive index that measures the performance of ‘A’ class companies decreased by 4.68 points. Among individual companies, 70 were recorded as gainers whereas 168 were the losers.
Shivam Cements had the largest turnover of its shares worth Rs 611.28 million. Aarambha Laghubitta Bittiya Sanstha Limited lost the highest of 8.35 percent of its market price, while Nepal Finance Ltd, by adding 9.77 percent to its market value, was recorded as the highest gainer.
