Nepse logs double-digit drop

KATHMANDU, July 24: Nepal Stock Exchange (Nepse) index logged double-digit drop on Sunday, losing 11.15 points to close at 365.43 points on Sunday - the first trading day of the week, thanks to drop in sub-indices of all major trading groups.



Interestingly, stock analysts said there was no specific reason behind the double-digit fall in the benchmark index.[break]



The Sensitive Index, which measures the trading of category ´A´ companies listed in the secondary market, also went down by 2.85 points to close at 89.85 points.



All trading groups, except the Insurance, lost values during Sunday´s trading. Banking and Hydropower-- the major trading groups -- saw their sub-indices tumble by whopping 13.95 points and 34.32 points to end the day´s trading at 337.13 points and 608.36 points respectively. Similarly, the sub-indices of Hotels and Development Bank also went down by 4.52 points and 3.01 points to close the day at 408.07 points and 296.4 points respectively.



Similarly, the sub-indices of Finance and Others groups dropped 0.01 points and 14.1 points to close at 415.81 points and 487.61 points respectively.



A total of 107,033 units of shares worth Rs 28.27 million were traded through 846 transactions on the day. Total market capitalization was recorded at Rs 325.78 billion.

Related story

India's daily COVID-19 cases drop below 10,000; logs 8,013 new...