The stock market index Nepse has improved by 8 points on Monday. After the decline of that number, the index has remained at 3,050 points.
Earlier on Sunday, the index had set a record high of 3,058 points. The sharp decline in the banking group has weighed on the index.
Till yesterday, the same group dominated the market, but today, the same group has seen a big correction. Investors in most banking groups were also among the losers.
Shares worth Rs 14.13 billion have been bought and sold today. Earlier, the turnover was Rs 14.30 billion yesterday.
On this day, the value of 7 companies has increased by 10 percent. Greenlife Hydropower, Janaki Finance, Reedy Hydropower, Mountain Hydro, Vishal Bazar Company, Ngadi Group, and Himalayan Energy Development Company rose 10 percent. Since then, Sanjen and Rasuwagadhi hydropower has increased by 8.5 percent. Progressive finance rose 8 percent.
The biggest loser was Pokhara Finance, which lost 5 percent. Sunrise Bank fell 3.9 percent, Laxmi Bank 3.6 percent, Machhapuchhre Bank 3.5 percent, Citizens 3.3 percent, Sanima 3.3 percent, and Agriculture Development Bank 3 percent.
As a group, banking declined the most by 43 points. Similarly, Development Bank declined by 34 points and other groups by 10 points.
Trade increased by 55 points, hotels and tourism by 14 points, hydropower by 102 points, finance by 65 points, non-life insurance by 14 points, manufacturing by 84 points, microfinance by 98 points, and life insurance group by 68 points.
Ngadi Group topped the list in terms of turnover. Himalaya Distillery and NIC Asia had a turnover of Rs 33-33 crore after buying and selling shares of the company worth Rs 390 million. Agriculture Development and Nepal Bank were also ahead in terms of turnover.
