The ongoing political deadlock has sent a negative message to share investors--and on Sunday, the first day of the week´s transaction--the Nepse was influenced enough by the negativity to dip by 1.9 percent, or 13.27 points, to land at 685.61 points.
The Nepse had dropped 9.01 points to end at 698.88 points on Thursday, the last day of last week´s transactions.
The nosedive occurred mainly because the sub-indices of all trading groups fell sharply during Sunday´s trading session.
The Banking sector, which commands the largest chunk in hte Nepse, suffered a single-day loss of 14.58 points to finish at 702.53 points on Sunday. Similarly, the Development Bank and the Others groups also saw double-digit losses, of 15.23 points and 12.92 points, to end at 754.74 points and 662.64 points, respectively. The Finance group´s and the Hydropower group´s indices also slumped by 7.44 points and 3.06 points to settle at 751.04 points and 858.33 points, respectively.
A total of 49,510 units of shares, worth Rs 44.83 million, were traded through 542 transactions on Sunday. The total market capitalization, the total worth of listed shares, reached Rs 439.25 billion at the end of the day.
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