Nepse nosedives 44.56 points on Monday

Published On: April 11, 2022 04:30 PM NPT By: Republica  | @RepublicaNepal

KATHMANDU, April 11: Nepal Stock Exchange (Nepse) on Monday plunged 44.56 points to close at 2,419.80 points.

The market plunged by double-digit points on the first trading day of the week despite the investors’ expectation that the market will boost due to the suspension of Nepal Rastra Bank (NRB) Governor Maha Prasad Adhikari who is accused of not being friendly toward the country’s stock exchange market, according to the stockbrokers. Finance Minister Janardan Sharma on Friday suspended NRB governor Adhikari, accusing him of leaking sensitive information.

The market that opened at 2,464.35 points escalated to 2,508.88 points within the first few minutes of the starting of trading. The market went to a straight fall in the rest of the trading hours finally closing at 2,419.80 points.

All 13 trading groups posted a fall in their indices on Monday’s trading. Life-insurance witnessed the largest fall of 431.82 points.

Among individual companies, Nepal Life Insurance Company Limited had a transaction of its shares worth Rs 165.28 million, the biggest of all. Emerging Nepal Limited was the topmost loser while NESDO Sambridha Laghubitta Bittiya Sanstha gained the largest point percent.  


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