KATHMANDU, March 12: Nepal Stock Exchange (Nepse) on Sunday plunged 26.80 points to close at 1,975.89 points.

The secondary market opened at 2,002.70 points and gained 15 points in the first five minutes of the commencement of the day’s trading. However, the index went to a straight fall in the remaining trading hours, taking the market index down by 1.34 percent in the day.

Last week, the market pinned a hope among the investors with the index adding 33.68 points. However, this week started at a negative note, again taking the market index below 2,000 points.   

In the intraday trading, 186 listed companies lost in their market value, while only 26 companies registered as gainers. The sensitive index that measures the performance of blue chip companies declined 5.55 points.

The daily turnover amount inched up to Rs 1.66 billion from Rs 1.56 billion on Thursday. According to stockbrokers, the market failed to take an upward graph despite the news on the possibility of banks lowering interest rates very soon. “This shows very low confidence prevailing among the investors,” said a stockbroker.  

All the 13 trading groups lost in their market value. Life insurance and non-life insurance lost 139.33 points and 117.95 points, respectively. 

Among individual companies, Shivam Cements had the largest transaction of its shares worth Rs 82.15 million. Goodwill Finance Limited Debenture 2083 was the topmost loser, while Shuvam Power Limited gained the highest percent of its market price.

 
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