Nepal Stock Exchange (NEPSE) on Monday declined 15.40 points to close at 1,948.57 points.
The market shed double-digit points on the very next day of the staggering increase in the market index. On Sunday, the market jumped 111.20 points in response to the lenient measures enforced by Nepal Rastra Bank through the first quarterly review of its monetary policy.
On Sunday, the market surged three-digit points in just nine minutes trading, while the regulator imposed circuit breakers and halted the transactions. According to stockbrokers, the market went into a slump after investors rushed to book their capital gains out of the increased stock prices of the previous day.
In the intraday trading on Monday, the secondary market opened at 1,963.98 points and nosedived to 1,937.83 points in just six minutes of trading. In the next moment, the market jumped up around 49 points.
However, the market could not retain its charm for the investors and fell to the day’s low at 1,928.92 points in two hours of trading. The market recovered around 20 points in the remaining period.
The sensitive index that measures the performance of ‘A’ class companies also declined 4.33 points. The daily turnover jumped to Rs 4.842 billion from Rs 482.48 million on Sunday.
Non-life insurance added 146.36 points, while microfinance, manufacturing and processing and mutual funds also stood in the gainers’ lists among the 13 trading groups. Development bank with a decline of 80.69 points was the highest loser.
Among individual companies, 157 were recorded as losers whereas 81 companies were the gainers.
Sonapur Minerals and Oil Limited with a trading of its shares worth Rs 251.56 million, topped the transaction volume. Samata Gharelu Laghubitta Bittiya Sanstha Limited lost the highest of 7.15 percent and Bottlers Nepal (Balaju) Limited gained the largest of 10 percent of its market value.
