Out of those that came in the transaction, the share price of 89 companies increased while 159 decreased, while the share price of one company remained stable.
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In the last three trading days, NEPSE index has decreased by 64.62 points. The stock market was closed on Sunday as it was a public holiday. The market which opened from Monday fell for three consecutive days and the NEPSE closed down at 2,785 points.
Last Monday, NEPSE was at 2,822 points. Banks and financial institutions have been releasing their financial reports for the fourth quarter for a few days now. Most of the banks are in very good financial condition. But the stock market is continuously falling. NEPSE, which was closed last week after reaching 3000, has continuously decreased and has come down to its present state.
The NEPSE index, which measures stock trading, fell by 10.50 points on Wednesday. After falling by 0.37 points compared to the previous day, the NEPSE decreased by double digits. With this, the overall NEPSE has closed down at 2,785.74 points. Out of 89 companies that came into trading on this day, 159 companies decreased while the share price increased. A company's share price remained stable.
On Wednesday, 1 crore 58 lakh 47 thousand 873 shares were bought and sold in 70 thousand 99 transactions. Shares worth 6.16 billion rupees were traded in those purchases. The turnover has decreased compared to the previous day. On Tuesday, 1 crore 76 lakh 71 thousand 675 shares were bought and sold in 78 thousand 226 transactions. Shares worth 6 billion 91 crore 89 lakh rupees were traded in those purchases.
Among the 13 subgroups that came into business that day, the index of banking, hotel and tourism, hydropower, investment, life insurance, production and processing, microfinance, non-life insurance and business subgroup decreased. Although the index of the rest of the sub-groups increased, the overall NEPSE decreased by double digits as the growth rate was low.
Even though the NEPSE fell by double digits, the share prices of 89 companies rose on Wednesday. Among them, Mayakhola Hydropower Company ranks first among the companies with the highest share price increase. On that day, the share price of this company increased by 5.74 percent.
Similarly, along with Mayakhola Hydro, Sanima Large Cap Fund, Nepal Republic Media, Saptakoshi Development Bank and Samaj Laguvitt Financial Institution remained in the list of the top five companies with high value growth respectively. Based on the amount of turnover on Wednesday, Balefi Hydropower, United Modi Hydropower, Shivam Cement, NRN Infrastructures and Development and Nepal Reinsurance Company were the top five companies.
