NEPSE drops 5.04 points

Kantipur Report
KATHMANDU, Sept 8 - After a two-day upswing, the Nepal Stock Exchange (NEPSE) dropped 5.04 points on Monday. The sensitive index also declined by 1.45 points.
All the sub-indices at NEPSE witnessed a fall on Monday. The development bank index was the biggest loser dropping 6.66 points followed by the banking and other sectors which decreased by 5.81 and 4.7 points respectively.
The share market witnessed a total turnover of Rs. 98.40 million with 120,667 shares being traded. Shares of 69 companies changed hands on NEPSE.
Among the 23 commercial banks listed on NEPSE, Nabil Bank's promoter share posted the biggest growth with its stock rising by 52 points. Similarly, among the 15 development banks whose shares were traded on NEPSE on Monday, Bageshwori Development Bank witnessed the highest increase of 10 points while Biratlaxmi Bikas Bank dropped 63 points.
Among the 25 finance companies on NEPSE, Kaski Finance was the highest gainer with an increase of 18 points in its share price. NIDC Capital Markets lost 37 points.
The top winner on NEPSE was World Merchant Bank with a 3.7 percent rise in its stock price.
The top loser on was Biratlaxmi Bikas Bank which shed 7.43 points. Nabil Bank topped the chart in terms of turnover with Rs. 25.43 million.