KATHMANDU, Dec 8: Nepal Stock Exchange (NEPSE) on Sunday plunged by 45.93 points to close at 2,689.00.
The secondary market opened at 2,734.93 points and went to a straight fall from the beginning of trading for the day. The index plunged to the day’s low at 2,676.44 points when the trading time was left for the last 18 minutes. The market recovered around 13 points in the remaining period before it closed for the day.
Trade deficit widens to Rs 746 billion
The sensitive index, which measures the performance of ‘A’ class companies, decreased by 6.96 points. The daily turnover fell to Rs 7.46 billion from Rs 8.36 billion on Thursday.
All the 13 groups witnessed their indices decline while life insurance suffered a 423.04 decline, the largest of all. Other three groups including hotels and tourism, non-life insurance and trading also had their market values fall by three-digit points.
Among the individual companies, only 27 were gainers while 214 lost in their market values. NRN Infrastructure and Development Limited had the biggest turnover of its shares worth Rs 326.46 million. Three companies—Manushi Laghubitta Bittiya Sanstha Limited, Life Insurance Corporation (Nepal) Limited and Joshi Hydropower Development Company Ltd—had their market values decline by the highest of 10 percent. Khanikhola Hydropower Co Ltd, with an increase of 9.98 percent in its market price, was the largest gainer.
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