NEPSE Index down by 23.19 points to close at 1071.38 level; NRB projection of Economic growth rate to be negative causes market to plunge

The benchmark index at Nepal Stock Exchange went down by 23.19 points or 2.12% to close at 1071.38 level. Opening a 1094.49 level this afternoon, the local brouse was seen in a downward trend. Such effect has been seen in market due to the report published by Nepal Rastra Bank stating in the ongoing fiscal year the economic growth rate will be negative by 1.1%. The total turnover of the day stood above Rs 24.17 crore where more than 5 lakhs unit shares were traded through 1,743 transactions. Sensitive index and the float index went down down by 4.97 points and 1.73 points respectively. All the sectors at NEPSE landed in red.