Nepal Stock Exchange (NEPSE) opened just for two days -- Wednesday and Thursday -- for trading last week due to public holiday during Tihar festival. That's why, the market turnover dropped significantly. The NEPSE index witnessed a decline of 0.05 points to 601.16 points on Thursday against 601.21 points on Wednesday.
The groups comprising development banks and finance companies witnessed a decrease in their indices by 5.25 points and 2.71 points, respectively, contributing to a slight decline in NEPSE index.
However, the book closure (the period any company transfers dividends and other benefits to shareholders) of Everest Bank also contributed to the downfall in NEPSE index. The EBL's per share price declined to Rs. 2022 on Oct. 21 when the market opened from Rs. 2390 on Oct. 15, the last day of trading before Tihar festival.
The index of commercial banks remained positive by 0.55 points which could remain higher if EBL's share price had not come down relatively higher level.
The hydropower sector also witnessed an increase of 7.12 points in its index. The indices of manufacturing, hotel, trading and others groups however remained the same.
A total of 121,900 shares of 67 companies worth Rs. 73.2 billion were traded.
The Class 'A' companies witnessed a transaction of Rs. 41.3 million which covered 56.48 share of total turnover. The sensitive index that measures the transactions of Class 'A' companies witnessed a decline of 0.02 points last week. Nepal Telecom and Pashupati Development Bank topped in terms of turnover and number of shares traded, respectively. The shares of two government bonds (Development Bond 2071 and Development Bond 2073) were listed in NEPSE last week.
The number of shares of first bond stands at Rs. 30 million and second at Rs. 2.75 million, respectively.
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