The budget for the coming fiscal year presented by the finance minister in the parliament on June 29 failed to please the investors in the secondary market and closed at 2 percent on this day.
On the first trading day after the budget, the Nepse index dropped by 45.09 points to 2178.69 points. Similarly, the Sensitive Index has declined by 7.84 points, the Float Index by 3.02 points and the Sensitive Float Index by 2.66 points. A total of 2.56 million shares worth Rs 1.33 billion were traded in 26,949 transactions of 227 stocks on this day.
Despite the decline in Nepse, shares of Balefi Hydropower traded at a positive circuit level. The share price of the company has risen by Rs 11.30 to Rs 124.40 on this day. Similarly, the share price of Upkaar MFI has risen 8.23 percent on this day.
Shares of Nepal Investment Bank, which came into business after one year, traded at a negative circuit level on this day. The bank’s share price fell by Rs 40.79 to Rs 367.70 on the day. Similarly, the share price of Jyoti Life Insurance and Life Insurance Corporation (Nepal) has dropped more than 7 percent on this day.
On this day, Nepal Telecom is in the top position in terms of transaction amount. Shares of the company worth Rs 49.6 million were traded on the day. Similarly, more than 40 million shares of Arun Valley Hydropower, Himalayan Distillery and NIC Asia Bank were traded on the day.