Nepal Stock Exchange (NEPSE) on Monday plunged 15.41 points to close at 1,969.02 points.
The secondary market opened at 1,984.43 points and increased by eight points in the first 10 minutes. The market reached the day’s high at 1,992.78 points in the next one hour. However, the index fell continuously for until the last two minutes of the trading hours and hit the day’s low at 1,965.1 points. In the last two minutes, the market recovered around four points before it closed for the day.
The sensitive index that measures the performance of ‘A’ class companies also declined by 2.80 points. The daily turnover decreased to Rs 2.05 billion from Rs 2.25 billion on Sunday.
Only mutual funds posted gains, while the remaining 12 trading groups had their market indices decline. Adding 79.98 points to its index, life insurance was the biggest gainer.
Among individual companies, 49 were recorded as gainers whereas 186 were the losers.
Gurkhas Finance Ltd had the largest turnover of its shares worth Rs 115.47 million. Dolti Power Company Limited lost the highest of 7.37 percent of its market price, while People’s Power Limited gained the highest of 6.91 percent to its market value.
