Market tumbles by 13.66 points; Stock market reacts in a negative way to the Monetary Policy

NEPSE index has fallen below the 1,200 points margin as the market decreased by 13.66 points to close at 1,191.98 points. The market which had started at 1,205.64 points continuously decreased throughout the day. The stock market has reacted negatively to the unveiled monetary policy.

The total turnover for the day was of Rs 45.44 crore which was achieved through the exchange of 16,20,880 unit shares. The shares of 163 listed companies were exchanged during the trading period through 4,941 transactions.

Laxmi Bank Limited (LBL) stood ahead in terms of total turnover as the shares worth more than Rs 6.51 crore were exchanged during the trading period. The promoter shares of Kumari Bank Limited (KBLPO) was ahead in terms of units of shares traded as 3,90,000 units were traded during the day.

The shareholders of Kanchan Development Bank Limited (KDBL) earned the most today as the price increased by 16 points and its LTP stands at Rs 204. However, the shareholders of Nagbeli Laghubitta Bikas Bank Limited (NBBL) lost the most during the day’s trade as the price decreased by 87 points and the LTP stood at Rs 1,285.

Both the sensitive index and float index decreased by 2.93 points and 1.03 points respectively.

Out of the sub-indices, only Hotels ended in the green zone gaining 2.80 points. Insurance sector lost 107.58 points which was followed by Hotels losing 37.65 points.