NEPSE was down 16.97 points during day clousure on Wednesday

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On Wednesday, the fourth trading day of the week, the Nepal Stock Exchange Ltd (NEPSE) fell 16.97 points.

The index has dropped to 2801.13 points as a result of today’s drop.

Today, a total of 11.66 million shares from 222 firms were exchanged 46,183 times for a total turnover of $4.58 billion.

Development banks and microfinance organizations have a sub-index now, while all other organizations have shrunk.

Development Bank gained 11 points, while Microfinance gained 19 points. Banking was down 3 points, trade was down 12 points, hotels and tourism was down 74 points, hydropower was down 59 points, finance was down 32 points, non-life insurance was down 144 points, manufacturing was down 133 points, others were down 18 points, and the life insurance group was down 75 points.

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Century Commercial Bank Founders Group has had the biggest growth, up 3.5 percent. Prime Commercial Bank Founders Group has also seen a 3.5 percent gain in value.

The value of civil microfinance has climbed by 3%, while the value of other businesses has stayed same. On this day, the price of Upper Tamakoshi has plummeted the greatest.

The company’s market value has dropped by 5% per share. The share price of the corporation has decreased to Rs 677 per share. Similarly, United Idi Mardi’s price has dropped by 5%. The share price of the corporation has decreased to Rs 457 per share. Radhi Vidyut, Shivshree Hydro, Ghalemdi Hydro, Universal Power, Oriental Hotel, and Central Finance all had their stock prices fall by more than 3%.

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