First Business News Portal in English from Nepal
KATHMANDU: Nepal Stock Exchange (Nepse) went down 38.81 points to close at 1,837.60 points on Tuesday.
The market opened at 1,876.41 points and went to a straight fall throughout the trading hours. In the first two days of trading this week, the market declined by over 72 points in total.
According to the stockbrokers, the market is now witnessing selling pressure due to the banks raising interest rates. In addition, the upcoming festivals have also affected the investors’ sentiments as they tend to sell shares to manage their expenditure.
On Tuesday trading, all the 13 trading groups lost the value of their average share prices. Sub-index of life insurance, non-life insurance, development bank and microfinance declined three-digit points.
The sensitive index that measures performance of blue chips companies also fell by seven points. The daily turnover increased to Rs 1.22 billion from Rs 1.60 billion on Sunday.
Himalayan Distillery Limited had the largest transaction of its shares worth Rs 56.53 million. Kalika Power Company Ltd was the top loser while Swabhimaan Laghubitta Bittiya Sanstha gained the biggest percent of market value of its shares.
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