KATHMANDU, June 5: Nepal Stock Exchange (Nepse) on Monday shed 17.38 points to close at 1,901.99 points.

The secondary market opened at 1,919.37 points and hit the day’s high at 1,935.66 points in the first one hour of the trading. However, it went downhill in the remaining hours to lose overall 0.91 percent in the market index.

Stockbrokers termed the fall in index as the market correction. According to them, investors rushed to book the profit out of their gain from a surge in the share values on Sunday, when the market gained 53.03 points.  

In the intraday trading, 166 listed companies lost in the market values, while 46 companies added in their market prices. The sensitive index that measures the performance of the blue chips companies also declined 2.88 points.

All the 13 trading groups had their market prices decreased. Life insurance lost the biggest of 124.14 points, followed by manufacturing and processing with a fall of Rs 121.30 points. 

The daily turnover amount increased to Rs 1.973 billion from Rs 1.656 billion on Sunday.

Among individual companies, Shivam Cements had the biggest transactions of its shares worth Rs 198.95 million. Likewise, the company was registered as the biggest loser. River Falls Power Limited was the topmost gainer.

 
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