KATHMANDU, April 4: Nepal Stock Exchange (Nepse) fell by 14.88 points to close below 2,500 marks on Monday amid ongoing bearish trend in the country’s stock exchange market.
The market that opened at 2,513.41 points reached the maximum of 2,525.25 points before falling straight to close at 2,498.53 points. While the market declined by around 70 points last week, it went down by an additional 45 points in the first two trading days of this week.
Nepse plunges 43 points as market rout continues
With a falling confidence of investors, the single day transaction in the secondary market has been hovering below Rs 2 billion. On Monday too, the daily turnover amount stood at Rs 1.58 billion while it was just Rs 1.46 billion on the previous day trading.
In the intraday trading, the entire trading groups posted red due to a fall in average prices of shares. Out of 13 trading groups, indices of life insurance and non-life insurance fell by three-digit points while other eight groups witnessed a decline of two-digit points in their indices.
Emerging Nepal Limited had a transaction of its shares worth Rs 63.91 million, the largest of all. Citizens Mutual Fund-2 was the biggest loser whereas NESDO Sambridha Laghubitta Bittiya Sanstha gained the largest point percent.
