KATHMANDU, July 25: Nepal Stock Exchange (Nepse) on Tuesday plunged 36.19 points to close at 2,164.31 points.
Since Nepal Rastra Bank issued the monetary policy for the next year on Sunday, the share market has been in a constant fall. Although the monetary policy has reduced the risk weightage on the loans against shares worth up to Rs 5 million, it is silent on the similar loans of over Rs 5 million.
The secondary market opened at 2,200.50 points and hit the day’s high at 2,206.46 points within the first few minutes of the trading. However, the market index went to a straight fall in the remaining trading hours.
Nepse nosedives 31.80 points, daily turnover increases marginal...
Along with a decline in the market index, the sensitive index that measures the performance of blue chip companies also dropped by a notable 7.62 points. The daily turnover also fell heavily to Rs 2.910 billion from Rs 4.737 billion Monday.
By adding 72.30 points in its market index, the hotels and tourism group alone was the gainer. Of the remaining 12 losers, life insurance lost 176.44 points and non-life insurance lost 111.18 points, the biggest in the row.
Among individual companies, 176 had their market prices declined. A total of 32 companies gained in their market values.
Soaltee Hotel Limited had the largest transaction of its shares worth Rs 152.779 million. Nabil Debenture 2085 was recorded the topmost loser while Kisan Laghubitta Bittiya Sanstha Limited gained the highest of 10 percent of its market price.
