KATHMANDU, July 27: Nepal Stock Exchange (Nepse) on Thursday plunged by a notable 29.71 points to close at 2,126.48 points.
The secondary market opened at 2,156.20 points and hit the day’s high at 2,165.98 points in the first 10 minutes of the trading. However, the market index went to a declining path and reached to as low as 2,125.14 points before it recovered nominally to close for the day.
Stockbrokers said the investors were discouraged to invest in the share market as the monetary policy could not bring in substantial provisions to rejuvenate the share market. In the four day trading since Nepal Rastra Bank endorsed the policy, the market lost around 100 points.
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The sensitive index that measures the performance of blue chip companies also dropped 5.26 points. The daily turnover also slipped to Rs 2.425 billion from Rs 2.432 billion on Wednesday.
All the 13 trading groups had their indices declined. While the life insurance lost the biggest of 222.64 points, non-life insurance, hotels and tourism, and manufacturing and processing witnessed a fall of three-digit points in their market values.
Among individual companies, the market values of 193 companies declined. Only 16 companies were recorded as gainers.
Shivam Cements had the largest transaction of its shares worth Rs 105.759 million. While Kisan Laghubitta Bittiya Sanstha Limited was the topmost loser, NIC Asia Flexi CAP Fund gained the highest of 7.39 percent.
