NEPSE Records Sharpest Single Day Decline of 105 Points Under New Administration as 261 of 268 Stocks Close in Red

Nepal's stock market had its worst day since the new government was formed. The selling started from the very first minute the market opened and never stopped. The index fell steadily throughout the entire session, touching lowest 2,672.50 in the trading session . There was no recovery, no pause just continuous pressure from sellers.

The Nepal Stock Exchange (NEPSE) recorded a Massive fall today, falling by 105.50 points (3.79%) to settle at 2,676.68. Investors are loosing huge amount of money and panicking over their investment due to high loss.

The benchmark index opened at 2,778.58, touching an intraday high of 2,778.58, while the lowest point was 2,672.50. Total turnover for the day reached Rs. 12.38 Arba, with 31,206,162 shares traded across 345 companies through 141,036 transactions. Market capitalization stood at Rs. 45.50 Kharba, with a float market capitalization of Rs. 15.33 Kharba.

Himalayan Reinsurance Limited topped the turnover chart, amounting to Rs. 58.28 crores. The stock closed at Rs. 704.70.

Six companies hit the positive circuit of 10% each that includes RSML, BJHL, SKHL, RLEL, HFIN and SKHEL.

Seven companies hit the negative circuit of 10% each that includes NABBC, HRL, BEDC, GMLI, SAPDBL, PURE and SANVI.

All the sectors are ended in RED and highest fall is recorded in Other Index falling by 6.09% and Lowest fall is recorded in Mutual Fund index by 1.03%.

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