Nepal Stock Exchange (NEPSE) on Tuesday nosedived 70.31 points to close at 2,007.69 points.
The market index went to a huge fall just on the next day of a whopping rise of the index by 117.70 points. The NEPSE index witnessed three positive circuits on Sunday following the formation of a new coalition government and the possibility of appointment of a finance minister who will be lenient to the share market.
In the intraday trading, the market opened at 2,078 points and went downhill right from the commencement of trading. During 12:00 pm and 2:00 pm, the market remained almost stable at around 2,025 points, while the index again declined further by 18 points before the market closed for the day.
The sensitive index that measures the performance of ‘A’ class companies plunged a notable 11.97 points. The daily turnover was recorded at Rs 4.11 billion.
Except mutual funds that gained 0.11 points, all the remaining 12 groups had their indices declined. Out of the losers, life insurance lost the highest of 363.12 points, while other five groups also lost three-digit points.
Among individual companies, 33 were recorded as gainers whereas 213 were the losers.
Sonapur Minerals and Oil Limited with transactions of its shares worth Rs 419.12 million led the segment. Bottlers Nepal (Balaju) Limited was the top loser, while Gurans Laghubitta Bittiya Sanstha Limited with 8.73 percent in its market value was registered as the top gainer.
