NEPSE Index Slips by 0.16%, PFL Leads Turnover


The NEPSE Index at the Nepal Stock Exchange experienced a slight dip of 0.16%, closing at 1,965.93 points, amidst a volatile trading session. Starting at 1,971.36, the index saw fluctuations, hitting an intraday high of 1,974.91 before sliding to an intraday low of 1,960.92.

Trading activity remained robust, with 303 different stocks changing hands in 42,016 transactions, reflecting a significant turnover surge. The total turnover amounted to Rs. 2.36 Arba, with a total volume of shares traded reaching 6,312,552. The market capitalization concluded at Rs. 31.17 Kharba, with a float market capitalization of Rs. 10.53 Kharba.

Pokhara Finance Ltd. (PFL) stole the limelight with a remarkable turnover of Rs. 11.26 Crore, closing at a market price of Rs. 610.90. Multipurpose Finance Company Limited (MPFL) led the gainers, soaring by 9.99%, followed closely by PFL with an 8.05% gain. However, Sabaiko Laghubitta Bittiya Sanstha Limited (SABSL) faced a decline of 5.83%, closing at Rs. 727.00.

In terms of sectors, five sector indices closed positively, with the “Finance Index” gaining by 3.13%. Conversely, the “Manufacturing and Processing Index” witnessed a decline of 0.71%.

Today’s trading session showcased significant fluctuations at the Nepal Stock Exchange, with PFL dominating turnover amidst sectoral changes. Investors closely monitored these developments for potential investment opportunities in the Nepali stock market.

 

Leave a Reply

Your email address will not be published. Required fields are marked *

More Interesting Read

Liberty Micro Life Insurance to Launch Public Share Offering
Latest Articles

Liberty Micro Life Insurance to Launch Public Share Offering

Liberty Micro Life Insurance Limited is preparing to offer 2,250,000 ordinary shares to the public at Rs. 100 per share, aiming to collect a total of Rs. 225,000,000. The public share issue is being organized in collaboration with Nepal SBI Merchant Banking Ltd and RBB Mutual Fund 1, creating a major opportunity for investors looking […]

Read More
Global IME Bank Proposes 5.5% Dividend for FY 2080/81
Latest Articles

Global IME Bank Proposes 5.5% Dividend for FY 2080/81

Global IME Bank Limited (GBIME) has proposed a 5.5% dividend for its shareholders for the fiscal year 2080/81. This decision was made during the 446th board meeting held on Ashwin 21. The proposed dividend includes 5.5% bonus shares, which will be distributed based on the bank’s paid-up capital of Rs. 36.12 Arba. The distribution of […]

Read More
Global IME Bank Launches Festival Cashback Offer with NEPALPAY QR
Latest Articles

Global IME Bank Launches Festival Cashback Offer with NEPALPAY QR

Global IME Bank, in collaboration with Nepal Clearing House Limited (NCHL) and KK Mart, has launched an exciting limited-time cashback offer for the upcoming festival season. From October 4 to October 16, 2024 (18th to 30th Ashoj), users of GlobalSmart+ and connectIPS can enjoy a 10% cashback, up to Rs. 100, when they make payments […]

Read More