NEPSE faces double digit plunge; rolls 11.17 points on a downhill

ShareSansar, Dec 22:

NEPSE rolled down to 885.44 level, trailing 11.17 points than yesterday’s 896.61 mark index.

Dispute among the political parties has highly influenced the market which has raise the fear of ambiguity among the investors led the heavy plunge in their participation.

The turnover has however increased by more than Rs 8 million than the yesterday’s total of Rs 138.47 million. Altogether 273,264 unit shares of 125 companies were traded today through 1,754 transactions worth Rs 147.23 million.


Each sub-index has attributed in fall of NEPSE by landed in red today. Banking, which covered more than 52 percent of today’s turnover, has plunged by double digit of 13.95 points or 1.76 percent, responding to the fall in share price of Nabil Bank by Rs 102 and NCC Bank by Rs 18.
Development and Finance recorded meager loss of 0.69 point and 3.51 points respectively.
Decrease in the share price of Oriental Hotel by Rs 18 and Chilime Hydro by Rs 11 led the Hotels and HyderoPower sector lean down by 52.12 points and 12.88 points respectively.
Insurance and Others slipped 21.73 points and 8.22 points, mainly due to downfall in share price of Citizen Investment Trust by Rs 55 and NTC by Rs 7.


Companies like Nepal Community Development, Civic Development, City Development, Vibor Bikas, and Alpine Development Bank recorded maximum increase in their respective share price.
Whereas Himalayan General Insurance, Nabil Bank, Nepal Investment, Kaski Finance and Kasthamandap Development Bank faced maximum dip in their respective share price.