As NEPSE Takes a Nosedive, Investors Lose Rs 98 Billion

  1 min 31 sec to read
 As NEPSE Takes a Nosedive, Investors Lose Rs 98 Billion

June 21: 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 fall by 71.06 points, according to the state-owned national news agency RSS. The total market capitalization was reduced to Rs 3937.67 billion on Monday against the market capitalization of Rs 4036.39 billion on Sunday.    
According to RSS, 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.    
All 13 sectors suffered loss with banking sector losing 34.22 points, trade sector (29.63 points), hotel and tourism (165.84 points), development banks (210.21 points), hydropower (150.24 points) and finance (120.22 points).    
On the basis of trading volume, Nepal Reinsurance Company (NRIC) stood atop the list for trading the company’s shares worth Rs 1.30 billion.    
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.    

 

No comments yet. Be the first one to comment.