Market falls by 7.78% within 2 weeks; Among all sectors Insurance losses 744.42 points
Sun, Aug 21, 2016 11:23 AM on Latest, Exclusive, Featured, Stock Market,
Nepse index had create a new high of 14.95 points (or 1.80%) closing at 1881.45 points on July 27, 2016.
In the first week of August, Market started to move in downward trend. Nepse Index continued to fall downward causing negative circuit in the market. The market hit 5% negative circuit on August 8, 2016. The benchmark index at NEPSE went down by 88.81 points or 5.03% to close at 1675.91 points.
After the fall of market by 88.81 points, Nepse Index reversed with positive circuit break by 5.04 percent or 84.51 point to close at 1760.42 points on August 9, 2016.
Afterward, market shows bearish trend. During 2 weeks span overall NEPSE Index dwindled by 7.78 percent to close at 1735.06 point on August 17, 2016.
Insurance Index was at 9144.5 points on July 27, whereas the index is at 1881.45 points in the latest. It had dropped by 8.14% and now the insurance index is at 8400.08 point. Insurance sector lost 744.42 points.
A similar observation of sector-wise indices has been revealed in hotels too. Hotels has turned out to be the worst performer registering decline by 9.07% while Others sector only lowered by 4.63%.
Before 2 weeks, as on July 27 the index for development banks was at 1779.08 points, whereas after 2 weeks the index is at 1633.93 points with a downfall of 145.15 points. Similarly, Hotel index on July 27 was at 2348.73 points before 2 weeks , has also declined to 2135.64 till August 17, 2016, with a fall of 213.09 points.
After the fall of market by 88.81 points, Nepse Index reversed with positive circuit break by 5.04 percent or 84.51 point to close at 1760.42 points on August 9, 2016.
Afterward, market shows bearish trend. During 2 weeks span overall NEPSE Index dwindled by 7.78 percent to close at 1735.06 point on August 17, 2016.
Insurance Index was at 9144.5 points on July 27, whereas the index is at 1881.45 points in the latest. It had dropped by 8.14% and now the insurance index is at 8400.08 point. Insurance sector lost 744.42 points.
A similar observation of sector-wise indices has been revealed in hotels too. Hotels has turned out to be the worst performer registering decline by 9.07% while Others sector only lowered by 4.63%.
Before 2 weeks, as on July 27 the index for development banks was at 1779.08 points, whereas after 2 weeks the index is at 1633.93 points with a downfall of 145.15 points. Similarly, Hotel index on July 27 was at 2348.73 points before 2 weeks , has also declined to 2135.64 till August 17, 2016, with a fall of 213.09 points.
