NEPSE Index plunges by 12.41 points to close at 1044.01 level; Market recovers by 8.5 points after a free fall by 20 points

On the last trading day of the week, the benchmark index at Nepal Stock Exchange went down by 12.41 points or 1.17% to close at 1044.01 level. Opening at 1056.41 level this afternoon, the local Brouse went down to 1035.43 level. As per fundamental analyst Mr. Sandip Bikram Rana, “ The market was in free fall mode. In the last hour of trading it recovered by 8.5 points. Thus, the investors should not panic at this time to sell their shares at whatever price they get.” The total turnover of the day stood above Rs 33.30 crore where more than 5 lakhs unit shares were traded through 2,620 transactions. Sensitive index and the float index went down by 2.54 points and 1.01 points respectively. Except others sector, all the sectors at NEPSE landed in red.