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NEPSE continues to lose

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KATHMANDU, June 1: Since the delay in the expansion of the new government has cast its shadow over investors, the Nepal Stock Exchange (NEPSE), index has seen a drop for the second consecutive day of this week´s trading. [break]



The NEPSE index, a barometer of the consumer´s confidence level in stock market, closed 7.94 points lower at 699.95 points on Monday. After recording a 30.55 point surge during last week, the NEPSE had nosedived by 10.73 points to close at 707.89 points on Sunday.



The NEPSE moved to the red-zone because most of the sub-indices of most of the trading groups plummeted during Monday´s trading.



The Banking group, which command a significant hold in the country´s sole secondary market, lost 3.12 points to slump to 719.6 points.



The sub-indices of the Hydropower and the Others groups too fared poorly. They lost 21.43 points and 14.09 points to finish at 866.05 points and 684.96 points, respectively. In like manner, the Finance and the Insurance groups also recorded losses, marginal though they were, of 3.86 points and 0.06 points to settle at 756.94 points and 651.91 points, respectively.



The Development Bank group´s sub-index, however, rose 2.69 points to reach 759.6 points during Monday´s trading.



The Sensitive Index, which shows the performance of category ´A´ companies, declined 0.78 points to get to 186.7 points. Similarly, the Float index--the indicator of share prices of ordinary shares in the market--also lost 0.37 points to end at 67.36 points.



The total turnover on Monday stood at Rs 30.02 million, with 57,837 shares traded through 1,130 transactions. The total market capitalization--the total worth of shares of all the listed companies--declined to Rs 448.44 billion on Monday, from Rs 453.52 billion of Sunday.



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