The Nepal Stock Exchange (Nepse) fell 7.13 points on Tuesday, the first trading day following the country’s elections to the House of Representatives and provincial assemblies.
The secondary market opened at 1,936.83 points and reached its high point of 1,960.98 within the first few minutes of trading.The market failed to maintain its momentum and fell in the final trading hours, eventually closing at 1,929.70 points.
In trading hours trading, 52 companies saw their market values rise, while 132 saw theirs fall.
The daily turnover amounted to Rs 1.352 billion.
According to stock brokers, the significant increase in transaction amount was due to small investors rushing to sell shares following a 24 point rise in the early hours.
Only two industries added value to their average market prices: life insurance and banking.
The indices of the remaining 11 trading groups fell.
Nepal Bank Limited had the largest transaction of its shares worth Rs 121.60 million among the individual companies.
Unilever Nepal Limited’s shares fell the most, while Janaki Finance Company’s shares increased the most.
