KATHMANDU, Aug 5: Nepal Stock Exchange (NEPSE) on Tuesday plummeted 41.78 points to close at 2,833.57 points.
The market appeared to bounce back by adding 16.46 points on Monday following a dip of 144 points over the past one week. However, it could not retain its attraction for investors on Tuesday trading.
The secondary market opened at 2875.36 points and hit the day’s high at 2,905.81 points in the first 12 minutes. The index went into a straight fall in the next around two hours and reached as low as 2,848.28 points. Although the market tried to revive by adding around 19 points, it again plunged 25 points in the last 50 minutes before it closed for the day.
Nepse marginally lower in week after last session recovery
Two groups including microfinance and mutual funds gained 26.82 points and 0.03 points, respectively. Of the remaining 11 losers, life insurance shed the largest of 199.66 points. Besides, non-life insurance, development banks, and manufacturing and processing also lost three-digit points.
The sensitive index which measures the performance of ‘A’ class companies also fell 6.51 points. The daily turnover also declined significantly to Rs 9.33 billion from Rs 10.82 billion on Monday.
Among the individual companies, 46 were gainers while 204 were recorded as losers. Himalayan Reinsurance Limited had the largest turnover of its shares worth Rs 392.86 million.
Three Star Hydropower Limited was the topmost loser. Samaj Laghubitta Bittiya Sanstha Limited and Unnati Sahakarya Laghubitta Bittiya Sanstha Limited declined by the highest of 10 percent of their market values.
