KATHMANDU, Oct 29: Nepal Stock Exchange (Nepse) on Sunday dropped 28.18 points to close at 1,875.65 points.

The secondary market posted a dismal picture on the first day after Dashain. It opened at 1,903.84 points and went to a downswing from the starting of trading for the day.  The market hit the day’s low at 1,867.69 points in the last 13 minutes of trading hours. The market recovered around eight points before it closed for the day.

The sensitive index that measures the performance of blue chip companies also fell 5.16 points. The daily turnover also declined to Rs 742.92 million from Rs 970.61 million on October 19, the last day that the market opened before a week long holiday for Dashain. 

All the 13 trading groups had their indices declined. Life insurance had the biggest fall of 197.12 points, followed by non-life insurance, and hotels and tourism as the losers of three-digit points.  

Among individual companies, the market values of 201 companies declined whereas 27 companies posted gain in their indices.

National Hydro Power Company Limited witnessed trading of its shares worth Rs 40.85 million and stood at the top of the transaction volume list. Sonapur Minerals and Oil Limited lost the highest of 10 percent of its market price. Upper Solu Hydro Electric Company Limited was the biggest gainer with an 8.99 percent hike in its market price. 

 
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