Nepse had to impose circuit breaker in trading after the drop in Nepse by 4.98 percent. [break]
As per the existing rules, Nepse can suspend trading for 15 minutes if the transaction rose or fell by 3 percent in the first hour of trading, 45 minute if trading went up or down by 4 percent on second hour and one hour if trading shot up or plunged by 5 percent in third hour of the day´s transaction.
With the fall in shares prices, total turnover also plummeted to Rs 14.7 million with a total of 69,754 units of shares changing hands through 451 transactions. A total 283,800 units of shares worth Rs 59.2 million were traded through 1,209 transactions on Sunday.
Total market capitalization has reached Rs 293.74 million on Monday.
Share analysts said rise in Nepse index for a brief period is the outcome of the lack of clear government policy in encouraging investors. “Abrupt gain in Nepse index last week couldn´t sustain for long, as there were no convincing reasons behind the rally,” said an analyst.
During the day´s trading, Banking -- a dominant group in the secondary market -- and Hydropower groups saw their sub-indices go down by whopping 23.37 points and 28.35 points to settle at 286.53 points and 560.44 points respectively.
Similarly, the Development Bank and Finance groups also moved into the red territory, as their sub-indices lost 0.48 points and 0.11 points to close at 295.97 points and 302.19 points respectively. Others group shed 24.66 points to close at 447.68 points.
Hotels, Insurance and Manufacturing groups defied the market trend, gaining 3.39 points, 1.4 points and 7.8 points to close at 402.42 points, 434.33 points and 544.7 points respectively.
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