Posted on 2009-07-01
KATHMANDU: The Nepal Stock Exchange (NEPSE) continued to fall on Monday too dropping 2.39 points to close at 663.96 points.
All the sub-indices witnessed a decline with the hydropower sector plunging 8.5 points. Other sectors which posted a drop were finance which shed 2.95 points, banking down 1.66 points, development bank down 0.97 point and insurance which lost 0.52 point.
Among the 21 commercial banks on NEPSE, Nepal Investment Bank posted the biggest growth with its stock rising by 10 points while Everest Bank Convertible Preference lost the most on the trading floor by shedding 39 points on Monday.
Similarly, among the 13 development banks whose shares were traded on NEPSE on Monday, Gandaki Bikas Bank witnessed the highest increase of 20 points while Siddhartha Development Bank fell by 9 points.
Among the four insurance companies, Siddhartha Insurance was the highest gainer on Monday with an increase of one point while Shikhar Insurance and Everest Insurance lost the most with its shares dropping 5 points each.
Likewise, Lalitpur Finance was the highest gainer among finance companies with an increase of 71 points in its share price. United Finance lost 54 points. Shares of 15 financial institutions were traded on NEPSE on Monday with only two gainers and nine of them seeing a fall in their share prices.
The turnover at NEPSE on Monday stood at Rs. 52.117 million through 84,861 units of shares.
The top five gainers on NEPSE were Lalitpur Finance with a 9.93 percent rise in its stock price followed by Gandaki Bikas Bank, Citizen Investment Trust, Machhapuchchhre Bank and Siddhartha Insurance.
Similarly, the top five losers on Monday were United Finance, Everest Bank Convertible Preference, International Leasing and Finance Company, Siddhartha Development Bank and Siddhartha Bank.
Malika Development Bank Promoter Share topped the chart in terms of turnover with Rs. 5.64 million.
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