The NB Group's institutions witnessed heavy selling today. Nepal Bangladesh Bank, Nepal Credit and Commerce (NCC) Bank and National Hydropower saw their 5,560-unit, 5,250-unit and 5,910-unit shares transactions at the sole secondary market today.
The number of shares traded of these three institutions is the largest at the Nepse today. They were traded at Rs 1,731,440; Rs 1,598,380 and Rs 767,430. "The confirmation of new governor's appointment might have sent cold wave to the NB Group that has been in news for all the wrong reasons," said one broker in condition of anonymity.
Meanwhile, the secondary market closed 8.59 points lower today to 651.22 points, The sensitive index -- barometer of A group companies -- ended 3.98 points below to 168.91 points from its previous close on Tuesday. Similarly, the float index was also down by 1.18 points over its previous close and ended trade at 63.55 points.
The biggest loser today is development banks group that lost 28.87 points to 910.5 points, followed by finance companies group that lost 19.09 points to 897.41 points. The banking group also shed 16.22 points to 611.17 points. However, Insurance companies group and others group gained. The others group gained 11.74 points to close at 628.57 points.
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