Share market continues to follow bearish trend

By A Staff Reporter,Kathmandu, Sept. 17: The benchmark of the share market index, NEPSE, tumbled by double digits on Monday, the second trading day of the week.

The NEPSE index declined by a whopping 57.03 points (2.16 per cent) to close at 2,580.76 points Monday. The NEPSE index had declined by 50.73 points on Sunday, this week.

In the last nine trading days since September 4, the stock market has fallen sharply for eight days. In the nine transaction days, the NEPSE dropped by 249.42 points. 

The sensitive index which measures the performance of group ‘A’ companies declined by 8.54 points (1.82 per cent) to close at 460.11 points. The sub-indices of all groups have decreased sharply in today’s transaction.

Sub-index of the non-life insurance group posted the highest fall of 252.76 points followed by the life insurance and finance group whose indices decreased by 244.96 points and 186.75 points respectively.

The sub-index of hotels and tourism has decreased by 163.29 points, development bank by 142.59 points and the manufacturing and processing group by 120.18 points.

Similarly, microfinance, trading hydropower and banking group’s sub-indices decreased by 123.13 points, 102.99 points, 74.65 points and 23.56 points, respectively.

Sub-index of others decreased by 47.30 points, mutual fund by 0.25 points and investment by 2.73 points in today's transaction.

With the fall in the NEPSE index, there has also been a decline in the turnover.

A total of 17,061,807 shares worth Rs. 7.36 billion of 312 companies were bought and sold in 92,815 transactions today. The shares worth Rs. 10.10 billion were traded on Sunday.

When the share price of 227 companies decreased, only that of 14 companies increased and three remained unchanged.

Share prices of Goodwill Finance dropped the most by 9.91 per cent, followed by Three Star Hydropower by 9.36 per cent and Nepal Finance by 8.42 points.

However, share prices of Aatmanirbhar Laghubitta Bittiya Sanstha posted the highest growth by 10 per cent, followed by Himalayan Hydropower by 9.99 per cent, Janautthan Samudayik Laghubitta Bittiya Sanstha by 9.92 per cent and Rawa Energy Development by 5.37 per cent.