Kathmandu, Jan 30: The Nepal Stock Exchange (NEPSE) has fallen sharply by double digits on Monday. It declined by 41.16 points and closed at 2,127.37 points today.
The stock market, which started to increase from the last week of December after the formation of the new government, was experiencing a normal decline for the past two weeks.
Due to the decline in all the sub-indices, including banking, which leads the market, the market index has fallen by about 2 percent. The hotel and tourism sub-index declined by 3.61 percent and the finance company sub-index declined by 3.42 percent, while the hydropower sub-index declined by 2.89 percent. Similarly, the non-life insurance sub-index decreased by 2.85 percent and the banking sub-index decreased by 1.15 percent.
Despite the drop in NEPSE, the transaction amount has reached about 3.5 billion. The day saw the turnover of more than 3.3 billion rupees through the transactions of 8,836,488 shares.
Out of the shares of 213 companies traded in NEPSE on Monday, the share prices of 204 companies declined. In the meantime, share price of 9 companies increased today. The share price of Barahi Hydropower Public Limited has increased by 5.56 percent as the share price of Lumbini General Insurance and Adarsha Microfinance closed in positive circuit value.
While the share price of United Idi Mardi and RB Company decreased by 7.14 percent, the share price of Swet Ganga Hydropower decreased by 6.71 percent. Similarly, the share price of Sagarmatha Insurance decreased by 6.44 percent today.
