Market loses double digits as benchmark index closes at 1148.70 points; NEPSE has not closed this low since 5th January 2016

On the last trading day of the week, the benchmark index hits 35 months low after it lost double digits. The market lost 0.89% or 10.37 points to close at 1148.70 points. On 27^th March 2018, market saw intra-day low of 1134 points however, the closing low was achieved today. The benchmark index has never fallen this low since 5^th January 2016. Also it has been 28 months since the market was at an all-time high of 1881 points on 27^th July 2016. This is more alarming as it comes at a time when NEPSE is in the transition phase with the implementation of the online trading system.

The turnover today was of Rs.32.29 Crore which was achieved from trade of 1,062,043 units of shares traded through 4,267 transactions trading scrips of 161 listed companies.

Sensitive Index lost 2.21 points and closed at 244.23 points while Float Index lost 0.84 points and closed at 83.36 points.

Beating NEPSE’s falling trend, Finance sector and Manufacturing & Products gained 0.02% and 0.05% respectively. Rest of the sub-indices ended in the red zone with Microfinance sector losing the most at 1.82%.

Nepal Bank Limited (NBL) stood ahead in terms of turnover and shares traded after 175,782 units of shares were traded posting a turnover of Rs.5.19 Crore. The LTP of the bank stands at Rs.295 per share. NBL was followed by NMB Bank (NMB) and Sanima Bank (SANIMA).

Chhyangdi Hydropower Limited (CHL) was today’s top gainer after it gained 3.88% or 4 points to close at Rs.107 per share. IME General Insurance (IGI) lost 5.85% or 23 points making it today’s top loser. The LTP of the insurance company stands at Rs.370 per share.