KATHMANDU, June 14: Nepal Stock Exchange (Nepse) on Tuesday nosedived by 36.08 points, plunging below 2,000 points in the past nine months.

In the intraday trading, the market that opened at 2,032.34 points went into a straight fall throughout the trading hours, finally closing at 1,996.25 points. The single-day turnover amount also stood at mere Rs 1.18 billion.

The secondary market has been posting a dismal picture in recent days, mainly due to poorly performing major macroeconomic indicators of the country. According to stockbrokers, the possibility that the banks will be increasing their interest rates any time soon, has further hit the stock market.

On Tuesday trading, indices of all 13 trading groups went down. Likewise, the sensitive index that measures the performance of blue chips companies also declined by 6.48 points.

Among the individual companies, Shivam Cements Ltd had the largest transaction of its shares worth Rs 46.71 million. Himalayan Power Partner Limited was the highest loser while Adhikhola Laghubitta Bittiya Sanstha was recorded as the topmost gainer of the day.  

 
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