Nepal Stock Exchange (Nepse) on Sunday posted poor performance and fell 21.91 points to close at 2,011.22 points.
The secondary market opened at 2,033.13 points and dropped around 15 points in the first half an hour. The market index then escalated to the day’s high at 2,034.88 points in the next one and a half hours. The market however failed to retain its charm for the investors in the remaining trading period, making the index decline steeply down before it closed for the day.
Stockbrokers said the market in the recent days has been affected by the banks stepping up to increase their interest rates, posting poor performance by Nepse.
The sensitive index that measures the performance of blue chip companies also fell by a notable 3.25 points. The daily turnover also appeared poor, with the amount posting mere Rs 1.447 billion.
All the 13 trading groups lost their market values. While non-life insurance lost the highest of 172.73 points, life insurance and hotels and tourism also shed three-digit value of 134.90 points and 106.26 points, respectively.
Among individual companies, the market values of 190 companies declined. On the other hand, only 29 companies were registered as gainers.
IME Life Insurance Company Limited, with turnover of Rs 66.301 million, topped in terms of transaction volume. While Agriculture Bank Debenture 2083 lost the highest of 10 percent, Forward Microfinance Laghubitta Bittiya Sanstha Limited added 4.57 percent in its market price and topped the gainers’ list.
