KATHMANDU, July 3: Nepal Stock Exchange (Nepse) on Monday fell by a whopping 21.32 points to close at 2,075.97 points.
The secondary market opened at 2,097.29 points underwent a series of fluctuations and hit the day’s high at 2,113.74 points in almost the first half of the trading hours. However, the market index fell successively in the remaining trading hours taking the index to lose overall 1.02 point percent.
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According to stockbrokers, the market index fell heavily due to an impact of the approaching fiscal year end, when the investors are under pressure to clear their financial liability. In the first two days of this week, the market declined a total of 75 points.
In the intraday trading, 174 listed companies lost in their market value while only 41 companies were recorded as gainers. The sensitive index that measures the performance of the blue chip companies also shed a notable 4.17 points.
Out of the 13 trading groups, hotels and tourism gained 114.34 points and trading added 17.02 points. Of the remaining 11 losers, the index of life insurance plunged 230.18 points, while seven others shed double-digit points.
The daily turnover amount declined heavily to Rs 4.051 billion from Rs 5.081 billion on Sunday.
Among individual companies, Himalayan Life Insurance Limited had the largest transaction of its shares worth Rs 239.44 million. Laxmi Equity Fund was the topmost loser, while CYC Nepal Laghubitta Bittiya Sanstha Limited gained the highest percent of its market price.
