KATHMANDU, June 20: Nepal Stock Exchange (Nepse) on Monday suffered a landslide fall of 49.31 points to close below 1,900 points, an 18 months low mark.
Just in the first two days of trading this week, the market plunged by over 86 points. In Monday’s trading, the market that opened at 1,934.11 points went into a straight fall and closed at 1,884.81 points.
The entire 13 trading groups witnessed loss in average shares prices. The sensitive index that measures the performance of blue chips companies also went down by 7.66 points.
Amid dwindling economic conditions of the country, the investors rushed to sell their shares, leading to a notable fall in the Nepse index, according to the stockbrokers. The single-day turnover amount stood at Rs 1.75 billion, an increase from Rs 1.13 billion on Sunday.
Among individual companies, Prabhu Bank Limited Promoter Share hit the largest transaction of Rs 118.32 million. Terhathum Power Company Limited lost the highest percent in its share value while Andhikhola Laghubitta Bittiya Sanstha Limited was the topmost gainer.