By Karuna Thapa
Kathmandu, April 12
On Tuesday, the second trading day of the week, the stock market also fell by double digits.
The Nepse index, which measures share turnover, has dropped 34.78 points to 2385.02 points. The Sensitive Index, which tracks Class A company trading activity, fell 5.52 points as well.
Along with the Nepse indicator, the transaction amount has slowed. On Monday, shares worth over Rs 2 billion were exchanged, but by Tuesday, the value had dropped to Rs 1.5 billion. A total of 37 lakh 83 thousand 24 lots of shares were purchased and sold throughout the day’s 31 thousand 576 transactions. The value of the transaction has been halted at Rs 1.52 billion.
Emerging Nepal Company is one of the firms whose stock price has dropped. The company’s stock dropped 66 rupees to Rs 935. Investors in hydroelectric companies are the greatest losers. Nyadi Hydropower’s stock dropped by Rs 25.90 to Rs 401.10, while Ghalemdi Hydro’s stock dropped by Rs 17 to Rs 271.
Similarly, Rashtra utthan Microfinance’s stock dropped by Rs 74 to Rs 1,306, Himal Dolakha Hydropower’s stock dropped by Rs 14.10 to Rs 250, and Ankhukhola Hydropower Company’s stock dropped by Rs 12.90 to Rs 248.10.
Even while the market is down, certain firms’ stock prices have risen. Nashdo Prosperous Microfinance Financial Institution was the first to boost its stock price to the highest on Tuesday. This company’s stock price has grown from Rs. 187 to Rs. 2,057.
The NIC Asia Select Fund, on the other hand, increased by 3.53 percent to Rs 8.80. Bijay MFI and Manakamana MFI have also seen a 2 percent gain in their stock prices.
