KATHMANDU: Nepal Stock Exchange (NEPSE) sustained its rise on the third trading day of the week – Tuesday.
NEPSE rose by 49.19 points and closed at 2,834.13 points today. The index opened at 2,792.63, hit intraday low of 2,771.64 and intraday high of 2,847.28 before closing at 2,834.13 points. The NEPSE index had closed at 2784.95 points Monday.
About half a dozen companies traded at the circuit level (10 percent) today. Share prices of Narayani Development Bank, Nepal Finance, Pokhara Finance, Corporate Development Bank and Madhyabhotekoshi Hydropower Company have risen by 10 percent – beyond which shares cannot rise or fall.
Apart from this, the share price of Civil Laghubitta Bittiya Sanstha, Nyadi Hydropower and Miteri Development Bank rose by more than 9 percent. Shares of Central Finance and Infinity Microfinance also rose more than 8 percent today.
However, the total transaction amount plummeted in comparison to the past two days. A total of 11,970,215 shares exchanged hands via 77,015 transactions amounting to Rs. 6.724 billion. The transaction amounts were over 7 billion on Sunday and Monday.
Despite the rise in NEPSE index, share prices of some companies declined. Mountain Energy Nepal (MEN) was the biggest loser today. Share price of MEN fell by Rs. 43 to Rs 1,177 points. Likewise, second loser turned to be Nepal SBI Bank whose share price dropped by Rs. 7.90 to stay at Rs. 386.
Similarly, Shivam Cement, Ruru Hydropower, Standard Chartered Bank, Bottlers Nepal, Machhapuchhre Bank and Rastriya Bima Company are on the list of losers.
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