Nepal Stock Exchange (Nepse) on Thursday plunged 57 points while the daily turnover surged to Rs 2.12 billion after investors rushed to sell shares citing a possible rise in interest rates by banks in the near future.
The secondary market opened at 1,981.48 points and closed at 1,924.48 points. The market reached as high as 1,989.81 points within the first few minutes of the trading started for the day. But it went straight down in the remaining trading hours.
The market created some hope among the investors in the past two trading days when the market gained a total of around 72 points. However, it could not retain the investors’ confidence on Thursday trading.
All 13 trading groups lost in their average shares prices, with six of them going down by three-digit points. The sensitive index that measures the performance of the blue chips companies also declined 11.23 points.
Laxmi Bank Limited recorded the biggest turnover of its shares worth Rs 215.03 million in Nepse. NIC Asia Flexi Capital Fund was the topmost loser whereas Citizens Mutual Fund 2 gained the largest percent in its market value for the day.
