Sunday, December 12, 2010

Nepse continues to suffer ‘below 400’ blow

Nepal Stock Exchange (Nepse) continued to reel under below 400-points as it again declined by 3.46 points to end at 395.42 points on Sunday-the opening day of weekly share transaction.

Last week, the benchmark index had fallen below 400 points as the last trading day of the week saw the index plunging to 398.88 points.

The index has never been this low since 18 October 2006 when it stood at 398.14 points.

Of the five groups that participated in today's session, the sub-indices of all groups except hydropower saw a loss.

The hydropower group moved up by 2.26 points to rest at 699.54 points.

The shareholders of the commercial banks, key player in the country's sole secondary market, were the biggest losers of the day as it plunged by 5.47 points to end at 352.92 points.

Similarly, development banks, insurance and finance groups saw their sub-indices going down by 3.63 points, 1.08 points and 0.09 point to rest at 377.63 points, 480.64 points and 346.31 points respectively.

The sensitive index-that measures the performance of Group A companies also lost 0.99 point to close at 96.65 points.

The capital market today traded 111,094 units of shares and 73 scrips worth Rs 26,443,401 in 73 transactions

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