KATHMANDU, April 3: Nepal Stock Exchange (Nepse) on Monday dropped 16.67 points to close at 1,871.88 points.
The secondary market opened at 1,888.55 points and hit the day’s high at 1,892.03 points in the first few minutes of the trading. But the market moved downhill in the remaining trading hours.
Nepse posts dismal picture—daily turnover falls below Rs 1 bill...
Stockbrokers said the market could not build up confidence despite the newly appointed Finance Minister Prakash Sharan Mahat expressing his commitment to revive the stock market via enforcing suitable policies. After Mahat assumed his seat, the Nepse plunged double-digit points on each of the two consecutive days trading.
Only trading gained 25.22 points, while the remaining 12 groups lost their market values. Non-life insurance fell 103.37 points, the highest of all.
In the intraday trading, 173 listed companies lost in their market value, while 33 companies registered as gainers. The sensitive index that measures the performance of the blue chips companies also shed 3.05 points. The daily turnover fell to Rs 920.24 billion from Rs 1.207 billion on Sunday.
Among individual companies, Nabil Bank, carrying out transactions of its shares worth Rs 36.27 million topped the list. Prabhu Bank Debenture 2087 was the topmost loser. Kalinchowk Darshan Limited gained the highest percent of its market price.
