KATHMANDU, October 7: Nepal Stock Exchange (NEPSE) nosedived 58.55 points on the first trading day after the end of a week-long Dashain holidays, due to the uncertainty over the country’s political situation in the aftermath of Gen Z movement.
The secondary market increased marginally in the pre-opening session and opened for the main trading hours at 2665 points. Subsequently, the index went through a straight fall and hit the day’s low at 2,596.41 points in the last 12 minutes. The market recovered around eight points in the remaining period before it closed for the day.
NEPSE plunges 45.36 points while daily turnover inclines to Rs...
All the 13 groups were the losers. As life insurance lost the highest of 237.31 points, a total of six groups had their indices decline by three-digit points.
The sensitive index which measures the performance of ‘A’ class companies dropped 7.88 points. The daily turnover however inclined to Rs 4.62 billion from Rs 2.93 billion.
Among the individual companies, only 16 were gainers while 235 were recorded as losers. Union Hydropower Limited had the largest turnover of its shares worth Rs 283.13 million.
Bhugol Energy Development Company Limited declined by the highest of 9.99 percent. Century Debenture 2088 was recorded as the topmost gainer.
