After the hiatus of 50 days, NEPSE plunges by 2% circuit level to close at 1226.42, total turnover stood Rs 10.43 crore
Tue, May 12, 2020 12:38 PM on NEPSE News, Stock Market, Latest,
The only stock exchange of Nepal (NEPSE) has resumed its operations from today, after the halt of 50 days due to Covid-19 pandemic all over the world. NEPSE was last traded on 22nd March, 2020 to closed at 1251.45 index.
NEPSE index fell by 2.02% today, which is maximum levels as prescribed by Securities Board of Nepal (SEBON) amid this lockdown period. The local bourse closed at 1226.15 levels with total turnover of Rs 10.43 crore. Out of total turnover, Rs 8.88 worth of CIT shares traded today.
It was somewhat expected this free fall, since most of the people want to liquidate their holdings due to need of basic things to survive. Lately, the SEBON has put many restrictions amid this scenario which resulted in very less market participants in NEPSE trading. Also, there were many technical glitches in the online system today, which again demotivated investors to carry out any transaction in NEPSE.
Citizen Investment Trust (CIT) posted the highest turnover of Rs 8.88 Core with LTP at Rs 2,367 per share, followed by Chhimek Laghubitta (CBBL) and Global IME Promoter Shares (GBIMEP).
Citizen Investment Trust (CIT) stood ahead in terms of volume with trade of 50,020 units of shares. The LTP of the stock stood at Rs 2,367 per share.
There is no gainer companies. All the companies traded today are in loss. Himalayan Bank Limited (HBL) was today’s top loser after losing 3% to close at Rs 485 per share. As there is a new provision where individual company can move + or - 3% in a single day. Many companies fell 3% or less today. In case of JSLBB, due to 25% bonus price adjustment amid this lockdown period 22.38 negative fall is showing in the NEPSE website top looser list.
Sensitive Index lost 5.39 points and closed at 265.67 points while Float Index lost 1.82 points and closed at 86.74 points.
All sub-indices closed in the red zone. Others, Banking and Life Insurance Sectors were the top losers.
