NEPSE Continues To Slide

nepse slide

By A Staff Reporter, Kathmandu, Jan. 26: The benchmark capital market index NEPSE continued its declining trend recording 20.79 points (1.60 per cent) fall on Sunday.

The NEPSE index, which opened at 1297.48 points in the morning, slid to 1276.68 points in the afternoon when the market closed for today. The NEPSE index had also declined by around 13 points over the last week.

The sensitive index which measures the performance of group ‘A’ companies also declined by 4.1 points (1.47 per cent) in Sunday’s transaction to close at 274.62 points.

In line with the decline in NEPSE index, the capital market witnessed a sharp decline in volume of transaction on Sunday.

The stock exchange traded 2,660,037 unit shares worth Rs 965.02 million of 174 companies in 12,750 transactions on Sunday. The average daily turnover in the stock exchange was Rs. 1.71 billion last week.

In Sunday’s transaction, sub-indices of all groups showed declining trend. Sub-indices of non-life insurance companies posted biggest fall of 151.74 points followed by life insurance and hotels group whose sub-indies declined by 124.99 and 39.8 points respectively.

Similarly, micro-finance, manufacturing, development bank and hydro-power group sub-indices declined by 26.81, 26.05, 21.31 and 18.96 points respectively.

Likewise, sub-indices of banking, trading, finance, others and mutual fund declined by 18.45 points, 16.73 points, 10.67 points, 6.72 points and 0.62 points respectively.

Shareholders of Janaki Finance, Saptakoshi Development Bank, Mahila Laghubitta Bitttiya Sanstha, Ridi Hydropower Development Company and Sagarmatha Insurance Company became main losers in today’s transaction.

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