NEPSE Index nosedived by 29.32 points to close at 1,091.73 level; Festivities & prolongation of blockade crisis pulls market down

Tue, Oct 27, 2015 4:27 PM on Latest, Featured, Stock Market,
The benchmark index at Nepal Stock Exchange went down by 29.32 points or 2.62% to close at 1,091.73 level. Opening at the 1121.02 level this afternoon, the local bus continued in a downward trend. The total turnover of the day stood above Rs 20 crore where more than 3 lakhs unit shares were traded through 1,423 transactions. Today is the second trading day after Dashain Festival. The investors are still in the festivities mood as shown by the lower than average turnover in NEPSE. The lacklusterness of political parties to solve the crisis arising from blockade has fueled the downward trend of NEPSE. Sensitive index and the float index went down by 6.69 points and 2.33 points respectively. All the sectors in NEPSE landed in red. Barun hydropower company limited and Karnali Development Bank Limited were only companies that landed on green. TSBTO TSBST TSBNOT TL TG