Wednesday 24th July 2024
Wednesday 24th July 2024
गृहपृष्ठBusinessAs NEPSE nosedives, investors lose Rs 98 billion

As NEPSE nosedives, investors lose Rs 98 billion

KATHMANDU – The Nepal Stock Exchange (NEPSE) suffered a sharp fall on Monday, incurring a loss of Rs 98 billion to the investors.

The NEPSE index closed at 2,834.40 points with a decrease by 71.06 points, according to NEPSE. The total market capitalization was reduced to Rs 3937 billion and 678 million on Monday against the Sunday’s market capitalization of Rs 4036 billion and 390 million.

The sensitive index to measure the big companies’ trading decreased by 8.37 points and closed at 520.18 points. According to NEPSE, more than 22.52 million unit shares of 227 companies were traded at Rs 11.61 billion and 9 million.

All 13 sectors suffered loss with Banking by 34.22 points, Trade 29.63 points, Hotel and Tourism 165.84 points, Development Bank 210.21 points, Hydropower 150.24 points and Finance by 120.22 points.

On the basis of trading volume, Nepal Reinsurance Company (NRIC) stood in the top list. The company’s shares worth Rs 1.30 billion and 6.1 million were traded.

Amid the freefall of NEPSE, the shares of Narayani Development Bank, Hydroelectricity Investment and Development Company Limited (HIDCL), NBBL Debenture, SBL Debenture and NABIL Bond 2082 increased in the market.

Likewise, Pokhara Finance, Universal Power, Union Hydropower, Himal Dolakha Hydropower and Liberty Energy remained the top losers in the share market.

Write your comments