NEPSE in seesaw mode

KATHMANDU, July 29 - The Nepal Stock Exchange (NEPSE) Tuesday fell 1.59 points after having gained 22.53 points on Monday. The sensitive index also declined by 1.2 points.
The banking sector lost the most with a drop of 6.41 points followed by hotel, finance and insurance which shed 2.9 points, 2.6 points and 0.58 point respectively. The development bank and hydropower sectors were the only ones to post a rise.
The share market witnessed a total turnover of Rs. 100.262 million with 151,292 shares being traded. Shares of 60 companies changed hands on NEPSE.
Among the 22 commercial banks listed on NEPSE, Nepal SBI Bank posted the biggest growth with its stock rising by 30 points while Standard Chartered Bank lost the most on the trading floor by shedding 118 points.
Similarly, among the 15 development banks whose shares were traded on NEPSE on Tuesday, Subeksha Bikas Bank witnessed the highest increase of 25 points while Infrastructural Develo-pment Bank dropped 23 points.
Among the 19 finance companies on NEPSE, Prabhu Finance was the highest gainer with an increase of 24 points in its share price. General Finance lost 54 points.
The top five winners on NEPSE were Annapurna Bikas Bank with a 5.54 percent rise in its stock price .
Similarly, the top five losers on Tuesday were General Finance which fell by 30.17 percent.
Kantipur Report