KATHMANDU, May 4: Nepal Stock Exchange (NEPSE) on Monday nosedived 34.63 points to close at 2,704.08 points.
The secondary market that opened at 2,738.72 points initially rose slightly to day’s high at 2,742.59 points in the first nine minutes of trading. The market however went into gradual fall throughout the trading hours as 2,698.17 points in the last four minutes. The market recovered around six points in the remaining period before it closed for the day.
NEPSE nosedives 27.59 points as 220 companies lose their market...
Microfinance was the only group that gained 0.02 points. Of the 12 losers, manufacturing and processing shed the largest of 290.68 points. Development banks, hotels and tourism, and non-life insurance also lost three-digit points.
The sensitive index, which measures the performance of ‘A’ class companies, also went down 3.37 points. Daily turnover fell to Rs 4.26 billion from Rs 4.91 billion.
Among the individual companies, 27 were the gainers as 240 lost their charms for the investors. NRN Infrastructure and Development Limited had the largest turnover of its shares worth Rs 313.68 million.
Corporate Development Bank Limited witnessed a decline of 12.58 percent in its market value and was recorded as the highest loser. Forward Microfinance Laghubitta Bittiya Sanstha Limited stood as the topmost gainer of 15 percent.
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