NEPSE slumps nearly 20 points

By A Staff Reporter,Kathmandu, Feb. 2: The Nepal Stock Exchange (NEPSE) witnessed a double-digit fall on Sunday, the first trading day of the week.

The benchmark of share market 'NEPSE' index dropped by 19.85 points, closing at 2,694.20 points, continuing its downward trend after a fall of 17.53 points on Thursday last week.

The sensitive index which measures the performance of group ‘A’ companies also decreased by 2.76 points to close at 459.91 points.The sub-indices of all groups, except trading group, decreased in today's transaction.

Sub-index of the hotels and tourism group saw the highest fall of 132.30 points followed by the manufacturing and processing and non-life insurance group whose indices decreased by 71.05 points and 70.52 points respectively.

Similarly, sub-index of life insurance group decreased by 68.30 points, hydropower by 49.17 points, development bank by 43.54 points, microfinance by 28.40 points and others by 21.89 points.

Similarly, the sub-index of finance group dropped by 11.30 points, banking group dropped by 5.87 points, investment by 1.02 points and mutual fund by 0.10 points.However, the sub-index of trading group increased by 20.92 points in today's transaction. The daily turnover has decreased on Sunday as compared to the transaction last Thursday.

A total of 22,060,454 shares worth Rs. 9.10 billion of 329 companies were sold in 110,728 transactions today. On Thursday last week, a total 32,606,306 shares worth Rs. 14.33 billion had been bought and sold. The share price of 234 companies decreased while the share price of 78 companies increased in today’s transaction.

On Sunday, share price of Corporate Development Bank decreased by 10 per cent, Rawa Energy Development Bank by 9.34 per cent and Kalika Power Company by 7.35 per cent.

However, share price of Mithila Laghubitta Bittiya Sanstha increased by 9.70 per cent, Crest Micro Life Insurance by 8.19 per cent, NIBL Growth Fund by 6.51 per cent and Shiva Shree Hydropower by 6.07 per cent.