KATHMANDU, April 12: Nepal Stock Exchange (Nepse) on Tuesday lost 34.79 points and closed below 2,400 mark while the daily turnover also came down as low as Rs 1.52 billion.

Amid depleting confidence of investors in recent days, the market that opened at 2,419.80 points went to a straight fall in the intraday trading before it finally closed at 2,385.01 points. The market index slipped below 2,400 points for the first time in about the past four months.

Along with the overall index, the sensitive index that measures the performance of ‘A’ class companies also declined 5.76 points to close at 449.12 points. Except for hotels and tourism, the indices of the rest of the 12 trading groups declined.

Recently, the share market has been going into a bearish trend amid worsening external macroeconomic indicators and persisting liquidity crunch inside the country. On Monday, the secondary market nosedived by 44.56 points while it lost around 150 points in the past two weeks.

On Tuesday, Himalayan Distillery Limited had the largest amount of its share transaction worth Rs 57.50 million. Emerging Nepal Limited was the top loser while NESDO Sambridha Laghubitta Bittiya Sanstha gained the largest point percent.

 
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