Circuit, Mahalakshmi’s high turnover in 5 companies when Nepse fell by double digits
November 10, 2078 at 3:30 p.m. VikasNews
Kathmandu. The stock market has declined by double digits on the first day of the festival. The Nepse index, which measures share trading, fell by 19.20 points to 2829.65 points. Which is 0.67 percent less than the previous transaction.
Share trading has also declined along with the market indicators. A total of Rs 4.42 billion worth of shares were traded during the day. Which is 2 billion more than last Kartik 17. Shares worth Rs 6.55 billion were traded on the day.
A total of 230 scripts were traded on Monday. Out of which, Mahalakshmi Development Bank has the highest turnover. Shares of the bank worth Rs 521 million have been traded on the same day. Along with the transaction, the share price has also risen to Rs 882 per share.
The double-digit decline in the market has affected the share prices of five companies. Share prices of ICFC Finance, Sahas Urja, Tehrathum Power Company, Manushi Microfinance Financial Institution and Mahalakshmi Development Bank have been affected.
Of which, the share price of ICFC Finance has risen by 10 percent to Rs 1,063 per share. Sahas also increased by 10 percent to Rs 652 per quintal and Tehrathum by 9.99 per cent to Rs 330 per quintal.
Similarly, the share price of Manushi Microfinance and Mahalakshmi Development Bank rose by 9.99 per cent and 9.84 per cent to Rs 767 and Rs 882 per share, respectively.
Shares of the most supportive microfinance institution fell 7.96 percent on Monday. And, out of the three groups that have come into business (finance, investment and mutual funds), all the groups have been seen as red.