May 21, 2022, Saturday

NEPSE closes at 2820.65 after losing nearly 100 points

KATHMANDU: Nepal Stock Exchange (NEPSE) witnessed a sharp fall on Monday. NEPSE slumped by 99.86 points to close at 2820.65 points on the second day of the trading week — Monday.

In terms of percentage, the market lost 3.42 percent against the 2.5 percent gain achieved throughout last week.

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Stock prices have been going down this trading week amid speculation that the NEPSE would rise from the government’s activities to curb COVID19. Investors likely exited the market after securing profits last week when the market gained a 2.5 percent growth.

About 17 million units of shares of 228 public companies were bought and sold through 113,205 transactions, resulting in a turnover of Rs 8.88 billion today.

All subgroups closed red as investors of finance, development banks, and hydropower lost the most.

Nevertheless, the share price of two companies — WEAN Nepal Microfinance and Buddhabhumi Nepal Hydropower Company —  traded at the circuit level of 10 percent in the market today. Share prices of Jyoti Life Insurance and Gurkha Finance also went up.

Meanwhile, Karnali Development Bank, Mountain Hydro Nepal, Asha Microfinance and Oriental Hotels lost the most today.