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Daily Summary: NEPSE Index Down 1.41%, Which Stocks Moved the Market and Why?

The NEPSE index closed at 2,836.17 today after losing 40.57 points from last Thursday’s closing. This is a loss of 1.41% on the index. The index had lost 14.58 points last Thursday.

The index opened at 2,877.04 today and did not trade higher. While it went as low as 2,829.17, it ultimately closed at 2,836.17.

228 scrips traded hands via 73,192 transactions. Furthermore, a total of 10,651,754 shares exchanged hands amounting to Rs. 5.836 Arba in the turnover amount. This is lower than last Thursday’s turnover of Rs. 8.612 Arba.

Arun Valley Hydropower Development Company Limited (AHPC) had the highest turnover of Rs. 54.49 crores closing at a market price of Rs. 599 per share. Its shares were also traded the most. AHPC is selling the shares of Arun Kabeli Power Limited (AKPL) worth more than Rs. 1 Arba. According to its 2nd quarterly report, AHPC has around Rs. 47 crores worth of borrowings and payables. This sale may enable it to pay back the due amount and establish a strong financial position.

 

 

Nepal Hydro Developers Ltd. (NHDL) gained the highest 8.08%, closing at Rs. 575. Nepal Hydro Developer Limited has posted a net profit of Rs 23.16 million in the 2nd quarter of the fiscal year 2078/79. This is 193% higher than the profit reported in the previous quarter and more than 96% higher than the profit reported in the corresponding quarter of the previous fiscal year.

Meanwhile, Wean Nepal Laghubitta Bittiya Sanstha Limited (WNLB) lost the highest 10% and hit the negative circuit breaker. This is the IPO rookie’s first red day after being listed in NEPSE. Today’s loss indicates likely exhaustion of initial bullish aggression that almost all IPO rookies witness. WNLB has closed at Rs. 1,763.3 after reaching the high of Rs. 2,090.

All sectors closed red today. “Life Insurance” lost the highest 3.57%.

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