Nepal Stock Exchange (Nepse) is on bear run as it plunged 24.68 points to close at 1,951.21 points on Monday.
This is the consecutive second day in which the market index is on bear run as it shed notable points. In these two days the market lost over 50 points.
The secondary market opened at 1,975.89 points and went to a straight fall to 1,956.01 points within the first 25 minutes of the trading started for the day. The market recovered around 10 points in the next few minutes. But the market could not retain the positive vibe in the remaining trading hours.
In the intraday trading, 187 listed companies lost in their market value, while only 24 companies registered as gainers. The sensitive index that measures the performance of blue chip companies declined 5.46 points.
Along with the market index, the daily turnover amount also posted a dismal figure. The daily transaction amount plunged to Rs 1.16 billion from Rs 1.66 billion on Sunday.
All the 13 trading groups lost in their market value. Life insurance fell by 165.01 points, the largest of all.
Among individual companies, NIC Asia Bank was booked for holding the largest single day transaction of its shares worth Rs 62.45 million. Khaptad Laghubitta Bittiya Sanstha Limited was the topmost loser, while Shuvam Power Limited gained the highest percent of its market price.
