The benchmark index had tumbled by 7.01 points to settle at 548.92 points on Tuesday. [break]
The decision of political parties to form election government under the Chief Justice had caused euphoria among investors a few days, pushing Nepse index to 555.93 points on Sunday - a rise of 25.73 points. However, the euphoria ended after Chief Justice Khila Raj Regmi showed reluctance to head the election government on conditions set by major political parties.
Share analysts said the Nepse index lost steam as investors are losing confidence due to changing political scenario in the country.
During Wednesday´s trading, 578,885 units of shares worth Rs 148.89 million changed hands through 1,189 transactions. All trading groups saw their sub-indices go down during the day, with Hydropower group being the biggest loser.
The Hydropower sub-index went down by 14.67 points to settle at 1058.38 points. Similarly, Manufacturing and Insurance groups saw their sub-indices go down by 15.57 points and 13.82 points, respectively to close at 875.3 points and 864.92 points.
The sub-index of Banking, the dominant group in the secondary capital market, went down by 12.37 points to 532.92 points. Development Bank and Finance sub-indices also lost values by 1.64 and 0.94 points, respectively and closed at 259.68 points and 253.71 points.
The sub-indices of Hotels and Others groups edged down by 0.57 points and 9.4 points to end at 660.51 points and 763.65 points, respectively.
Total market capitalization, total market value of the listed shares, was recorded at Rs 519.45 billion on Wednesday.
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