NEPSE plunges below 2,000 points after one and a half months; daily turnover declines to Rs 2.10 billion

Published On: April 16, 2024 07:45 PM NPT By: Republica  | @RepublicaNepal

KATHMANDU, April 16: Nepal Stock Exchange (NEPSE) on Tuesday declined by 14.81 points to close at 1,991.71 points, plunging below 2000 points for the first time after one and a half months.

The secondary market opened at 2,006.52 points and fell to 1,995.58 points in the first few minutes. The market remained almost stable for the next three hours of trading. The index slid down again in the last hour before the market closed for the day.

The sensitive index that measures the performance of ‘A’ class companies shed 2.26 points. The daily turnover declined to Rs 2.10 billion from Rs 2.79 billion on Monday.

All the 13 trading groups had their indices decline. Non-life insurance lost the highest of 78.20 points. 

Among individual companies, 42 were recorded as gainers whereas 199 were the losers.

Gurkhas Finance Ltd had the largest turnover of its shares worth Rs 175.97 million. Ru Ru Jalbidhyut Pariyojana Limited was the top loser, while SBL Debenture 2089 gained the highest of 9.99 percent of its market price.


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