Book close -- a deadline before which investors are eligible for rights and bonus shares -- of Triveni Bikas Bank also dragged down the benchmark index on Tuesday. [break]
Share analysts said capital market is facing liquidity shortage to invest in the secondary market as investors are more interested to invest in upcoming offer of rights shares. They also said banks are refusing to lend against the deposit of stocks which are losing their value significantly over the last few weeks.
Banking -- the major trading group in the secondary market - lost a whopping 17.44 points to settle at 443.72 points with downfall in share prices of major banks such as Standard Chartered Bank, Nabil Bank, Bank of Kathmandu, Kumari Bank and Prime Commercial Bank.
Development Bank group became the second largest loser on the day as its sub-index fell by 6.59 points to close at 522.81 points. The decline in sub-index Development Bank group was contributed by the loss of Rs 250 per share of Triveni Bikash Bank. Price of per unit of Triveni´s shares has dropped to Rs 360.
Similarly, the Hydropower, Finance and Insurance groups also lost 6.53 points, 0.94 points and 1.33 points to close at 792.32 points, 493.42 points and 572.94 points respectively. The Others group was the lone gainer of the day, as its sub-index grew by 5.88 points to close at 540.48 points.
A total of 97,472 units of shares and 59 scrips worth Rs 41.50 million changed hands through 903 transactions on Tuesday. Total market capitalization declined to Rs 370.39 billion on Tuesday from Rs 377.85 billion recorded a day earlier.
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