KATHMANDU, March 5: Nepal Stock Exchange (Nepse) on Sunday took a nosedive by 30.77 points to close at 1,938.25 points.

The secondary market opened at 1,969.02 points and initially rose by seven points within the first few minutes of the commencement of transaction for the day. However, the market went to a freefall in the remaining trading hours.

Since the past two weeks, the market has been posting a dismal picture mainly with the cumulative impacts of the anomalies in microfinance, high interest rates and bleak picture of the country’s economy. Last week too, the Nepse plunged 53.62 points.

In the intraday trading, 196 listed companies lost in their market value, while only 19 companies were the gainers. The sensitive index that measures the performance of blue chip companies declined 4.86 points.

Despite a notable drop in the market index, the daily turnover amount stood at Rs 1.39 billion, slightly higher than Rs 1.33 billion on Thursday. All the 13 trading groups lost in their market values. Life insurance and manufacturing and processing lost three-digit points.

Regarding individual companies, Himalayan Distillery Limited had the largest transaction of its shares worth Rs 84.41 million. Samling Power Company Limited was the topmost loser, while Super Madi Hydropower Limited gained the highest percent of its market value.  

 
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