NEPSE suffers major decline

By A Staff Reporter Kathmandu, May 18: The benchmark of the stock market, NEPSE, declined significantly on Tuesday, the first transaction day of the week.

 The NEPSE index has fallen below 2,300 points with a continuous decline of high points. The index decreased by 84.90 points (3.61 per cent) to close at 2,265.52 points on Tuesday. There was no transaction of shares on the public 

holidays of Sunday and Monday this week. The sensitive index which measures the performance of group ‘A’ companies declined by 15.28 points (3.37 per cent) to close at 438.69 points.

A total of 3,595,568 shares worth Rs. 1.64 billion of 221 companies were sold in 33,610 transactions today.

The sub-indices of all groups decreased sharply.

Sub-index of the life insurance group saw the highest fall of 592.59 points (4.98 per cent) followed by the non-life insurance and development bank group whose indices decreased by 485.81 points (4.69 per cent) and 163.69 points (4.01 per cent) respectively.

Similarly, the microfinance group sub-index decreased by 143.28 points, hydropower by 142.5 points, manufacturing and processing by 113.37 points, finance by 101.87 points and others by 106.31 points.

Sub-index of trading decreased by 60.86 points, banking by 37.95 points, hotels and tourism by 77.08 points, mutual fund by 0.24 points and investment by 2.59 points.

Of the 221 companies traded today, share price of 208 companies decreased while only eight companies increased. Value of five companies remained stable.

Share prices of three companies decreased by 10 per cent on the day while share prices of six companies decreased by 9 per cent.

Share prices of United Insurance Company, Lumbini General Insurance Company and Suryodaya Women Laghubitta Bittiya Sanstha fell by 10 per cent. 

Similarly, share prices of Buddha Bhumi Nepal Hydropower Company, Emerging Nepal and Dibyashwori Hydropower decreased by 9 per cent.

However, the share price of Samudayik Laghubitta Bittiya Sanstha recorded the highest fall by 4.96 per cent, followed by Bottlers Nepal by 2 per cent and NIBL Samriddhi Fund-2 by 1.66 per cent in today’s transaction.