KATHMANDU, Dec 18: Nepal Stock Exchange (Nepse) on Sunday plunged by a notable 27.54 points to close at 1,855.06 points.

The secondary market opened at 1,882.60 points and went to the straight fall throughout the trading hours. The market was largely affected due to the banks expressing their inability to reduce interest rates due to the possibility that they could have their liquidity position worsened in one month between mid-December and mid-January, according to the stockbrokers.

The daily turnover also declined to Rs 1.15 billion from Rs 1.19 billion on Thursday, the last day of the last week. In the intraday trading, a total of 180 companies lost in their market value while 25 companies gained on their share prices.

The sensitive index that measures the performance of blue chips companies also declined 5.22 points. All of the 13 trading groups lost in their market value, while the sub-index of development banks dipped the largest by 68.87 points. 

Among individual companies, Agriculture Development Bank Limited posted the largest transaction of its shares worth Rs 62.51 million. Ru Ru Jalbidhyut Pariyojana Limited was the top loser, while Eastern Hydropower Limited gained the highest percent of its market value.

 
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