KATHMANDU, July 2: Nepal Stock Exchange (Nepse) on Sunday fell by a whopping 53.70 points to close at 2,097.29 points.

The secondary market opened at 2,150.99 points and rose around eight points in the first few minutes of trading. However, the market went into a straight fall in the remaining trading hours taking the index to a decline of 2.50 percent to close for the day.  

According to stockbrokers, the market index fell heavily due to the impact of the approaching fiscal year end. “As banks look for closing now, the borrowers are compelled to settle their credit liability at present, which takes down the demand at the share market,” said a stockbroker.

In the intraday trading, 207 listed companies lost in their market value while only 18 companies were recorded as gainers. The sensitive index that measures the performance of the blue-chip companies also increased a notable 12.23 points.

All the 13 trading groups had their indices decline. Microfinance went to the biggest fall of 4.75 percent, while six witnessed a fall of three-digit points in their market values.  

The daily turnover amount declined to Rs 5.081 billion from Rs 5.972 billion on Wednesday.

Among individual companies, Himalayan Life Insurance Limited had the largest transaction of its shares worth Rs 425.654 million. Shrijanshil Laghubitta Bittiya Sanstha Limited was the topmost loser while BPW Laghubitta Bittiya Sanstha Limited gained the highest percent of its market price.

 
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