Nepal Stock Exchange (NEPSE) on Wednesday plunged 21.67 points to close at 2,097.93 points.
According to stockbrokers, the market index fell after investors rushed to book capital gains that they had made out of the market transactions in the past three days. The market increased by 35.52 points over the period.
In the intraday trading on Wednesday, the market opened at 2,119.60 points and reached the day’s high at 2,131.29 points in the first 20 minutes of trading. The market however went downhill and hit the day’s low at 2,088.65 points in the last 15 minutes. The market recovered around nine points before it closed for the day.
The sensitive index that measures the performance of ‘A’ class companies decreased 3.08 points. The daily turnover stood at Rs 5.29 billion, a marginal drop from Rs 5.54 billion on Tuesday.
Only manufacturing and processing gained 8.38 points. Out of the 12 losers, life insurance shed 147.42 points, followed by a decline of 116.51 points and 114.17 points of non-life insurance, and hotels and tourism, respectively.
Among individual companies, 215 were recorded as losers whereas 29 were the gainers.
Himalayan Reinsurance Limited with a transaction of its shares worth Rs 638.78 million topped the segment. Menchhiyam Hydropower Limited lost the highest of 5.87 percent of its market value. Samling Power Company Limited gained 9.87 percent, the largest of all.
