Nepse down by 21.58 points, closed at 2,485.09

Kathmandu, March 7

On the first trading day of the week, the Nepse index has reached 2,485.09 points. It has decreased by 21.58 points compared to the previous trading day.

On this day, 1,17,78,820 shares of 211 companies were traded 53,970 times for Rs. 5 billion 54 million 66 thousand 480 shares have been bought and sold. The highest turnover was recorded by Nepal Infrastructure Bank. The company’s total of Rs. 427.8 million shares were bought and sold.

The biggest gainer on the day was Chandragiri Hills, which raised by 9.92 percent. On Sunday. the company’s share price has reached Rs. 665. In the second place, the share price of Nepal Hydro Developer has risen by 9.83 percent. Investor attraction has increased with the company’s proposal to distribute dividends.

The company has proposed to distribute 15 percent bonus shares and 0.78 percent cash dividend on Sunday. Of the 13 groups traded on the day, the hydropower group’s index increased by 0.92 percent, the hotel and tourism group’s index increased by 2.24 percent and the rest of the group’s index decreased.

The index of the largest business group has declined by 4.68 percent. The biggest drop was in the National Hydropower Company’s 5.52 percent. Similarly, the share price of Salt Trading Corporation fell by 5 percent in the second quarter. Market analysist say the stock market may have been affected by the current political climate.

The agreement signed on Thursday in the presence of General Secretary of the Communist Party of Nepal Netra Bikram Chand Biplap. Investors were also excited by the news that the Biplov faction had entered peaceful politics on Thursday and the market had risen by 90 points. Besides, Nepal’s politics has not yet gained a definite momentum.