KATHMANDU: Investors seem turning to the profit book after the index rose by more than 150 points in two trading days of the week.
The index fell by 17.15 points to 2650.97 on Tuesday. The previous day, the Nepal Stock Exchange (NEPSE) had stopped trading due to a problem in the broker data center.
Investors did not get good data on share activity when trading closed yesterday. For the same reason, it can be estimated that the trend of investors in the market on Tuesday has been pushed towards selling.
Despite the fluctuations of more than 30 points, the index rose modestly on Monday as buyers and sellers were under equal pressure. Trading volume also fell sharply on Monday after buying and selling was affected by the TMS server problem.
The downward trend in transaction amount continued on Tuesday.
A total of 6,529,026 shares worth Rs 3.36 billion have been bought and sold 46,287 times during the day. On the first day of the week, when there was a rise of more than 100 points, the buying and selling among the investors was also very high and the transaction amount had reached around Rs. 5 billion.
Shares of Nepal Telecom Company, which offered bonus shares for the first time in the history of dividend, had the highest turnover on Tuesday. Shares of Telecom worth Rs 342.3 million were bought and sold, but the price fell 5.13 percent. Api Power also had a turnover of Rs 122 million.
Shares of Nepal Life Insurance were traded at Rs 118.4 million while shares of Nepal Reinsurance Company were traded at Rs 109.1 million and Shivam Cements at Rs 91.40 million.
The decline in the index had a positive impact on hotels and tourism, life insurance, collective investment funds and non-life insurance. These subgroups increased inversely. The highest growth was in the hotel and tourism subgroup, which rose 3.16 percent. The rest of the subgroups saw a modest increase.
The share price of Nepal Telecom Company, which offered bonus shares for the first time, fell the most on Tuesday. The company’s value fell 5.13 percent. Investors in Malung Khola Hydropower also lost 4.86 percent.
The biggest losers Tuesday are Singati Hydro, Mountain Nepal Hydro, Narayani Development Bank, Shivam Cements and Global IME Microfinance.
Comment