The benchmark index declined by 10.7 points to close at 443.73 points on Tuesday due to decline in sub-indices of all major trading groups. Nepse, the indicator of investors´ confidence, was recorded at 441 points on November13, 2006. It had touched an all-time high of 1175.38 points on August 31, 2008. [break]
"Investors aren´t interested to invest in stock as bank interest rates are far higher than the rates of dividends. They are lacking fund to pay their loan as the third quarters of current fiscal year is about to end," said Nanda Kishore Mundada, president of Nepal Stock Brokers´ Association.
Banking was the major loser on the day with its sub-index dropping by 13.25 points to settle at 406.6 points. Similarly, the sub-indices of Development Bank, Hydro power and Finance groups went down 10.1 points, 19.08 points and 4.78 points to close at 460.61 points, 689.97 points and 451.53 points respectively. Sub-indices of Insurance and Other groups also dropped to 564.66 points and 520.51 points, losing 0.29 and 8.22 points respectively.
A total of 59,681 units of shares and 64 scrips worth Rs 20.98 million changed hands through 787 transactions on Tuesday. Total market capitalization -- total worth of listed shares -- was recorded at Rs 343.5 billion.
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