Stock market falls as turnover drops, 56 companies’ prices rise

Kathmandu, November 5 The stock market fell by 12.95 points on Thursday. With the decline, the benchmark Nepse index settled at 2,652 points. On the previous day, Nepse had risen by 1.40 points. The market showed signs of rising for the first two minutes after trading began, but it stayed in the red for the rest of the day.

Turnover also fell. Trading stood at Rs 4.72 billion today, down from Rs 7.43 billion the previous day. The prices of 56 companies rose, 211 fell and 12 remained unchanged. All sector indices except microfinance fell.

Microfinance rose by just 0.09 percent. Every sector index moved by less than 1 percent. Banking fell 0.57 percent, development banks 0.70, finance 0.50, hotels and tourism 0.42, hydropower 0.67, investment 0.29, life insurance 0.46, manufacturing and processing 0.62, non-life insurance 0.39, others 0.48 and trading 0.14. Snow Rivers rose 2.87 percent, Asian Hydropower 2.70, Mero Microfinance 2.42, Bhagawati Hydropower 2.38 and Aankhukhola Hydroelectric 2.37.