KATHMANDU, April 18: Nepal Stock Exchange (Nepse) on Monday fell by a whopping 41.77 points to close at 2,343.87 points amid depleting confidence of investors due to ongoing bearish trend since past few weeks.
Analysts said that the market seems to go below 2,300 marks shortly as the secondary market has been persistently in the downward graph. In the past one month alone, the market has dropped by around 290 points.
Nepse nosedives 44.56 points on Monday
On Monday, the market opened at 2,385.64 points and constantly fell during the trading hours. The sensitive index that measures the blue chips shares also declined by 6.82 points.
The indices of the entire 13 groups declined on the intraday trading. Non-life insurance shedded the largest of 342.37 points.
Total turnover amount stood at Rs 1.53 billion, a nominal rise from Rs 1.44 billion on Sunday. Nabil Bank had its shares transaction of Rs 49.62 million, the largest of all. NRN Infrastructure and Development Limited was the topmost loser while NESDO Sambridha Laghubitta Bittiya Sanstha gained the largest percentage.
