Nepal | September 30, 2020

Nepse index plunges 17.47 points

Himalayan News Service
Share Now:

Kathmandu, December 2

Due to various technical glitches and lack of liquidity for investment in the secondary market, the Nepal Stock Exchange (Nepse) has continued with its bearish trend. The Nepse index plunged by 1.52 per cent or 17.47 points to land at 1,130.89 points today — the first trading day of the week.

“The failure by the Nepse leadership to address the problems related to online trading is the major reason for this downward trend in the market,” said a broker seeking anonymity. Stock brokers and investors have been continuously mentioning that if the problem persists then the trading volume will remain low, hitting the benchmark index, which has been on a freefall for the last several weeks.

Similar to the benchmark index, the sensitive index, which measures the performance of class ‘A’ stocks, also went down by 1.56 per cent or 3.82 points to 240.33 points. The float index that measures the performance of shares actually traded too shed 1.58 per cent or 1.32 points to rest at 82.02 points for the day.

Similarly, among the 11 sub-indices in the market, 10 subgroups landed in the red zone today. Only the trading subgroup witnessed gains rising by 1.25 per cent or 2.96 points to 240.31 points.

Meanwhile, non-life insurance was the leader among the losers today and went down by 2.72 per cent or 139.41 points to land at 4,991.85 points. It was followed by the micro finance subgroup that closed down by 2.21 per cent or 29.02 points to rest at 1,281.75 points.

Likewise, the life insurance sub-index decreased by 2.06 per cent or 105.67 points to 5,029.96 points. The hotels subgroup meanwhile descended by 1.86 per cent or 33.26 points to 1,754.20 points and the banking sub-index too fell by 1.49 per cent or 15.06 points to land at 993.87 points.

Additionally, the hydropower sub-index shrunk by 1.42 per cent or 16.85 points to rest at 1,168.47 points.

Meanwhile, others subgroup shed 1.06 per cent or 7.33 points to 724.7 points and finance sub-index too was down by 0.85 per cent or 5.07 points to 690.84 points. Moreover, the development bank subgroup dipped by 0.81 per cent or 11.65 points to 1,433.47 points and manufacturing also shed 0.12 per cent or 2.73 points to land at 2,245.05 points for the day.


A version of this article appears in print on December 03, 2018 of The Himalayan Times.


Follow The Himalayan Times on Twitter and Facebook

Recommended Stories:

More from The Himalayan Times:

Diogo Jota

Liverpool maintain 100% start with win over Arsenal

LIVERPOOL: Premier League champions Liverpool maintained their 100% start to the season with a 3-1 win against Arsenal at Anfield on Monday leaving them level on nine points with pacesetters Everton and Leicester City. The visitors took the lead through an Alexandre Lacazette strike but L Read More...

Fulham, Aston Villa, Ivan Cavaleiro, Matty Cash

Villa beat Fulham 3-0 to move into top four

LONDON: Aston Villa moved into the Premier League top four after they strolled to a 3-0 win at Fulham thanks to goals from Jack Grealish, Conor Hourihane and Tyrone Mings in a lopsided contest on Monday. The result left Villa, who narrowly avoided relegation last season, fourth on a maximu Read More...

Private hospitals, labs to charge Rs 3,899 for PCR test

KATHMANDU, SEPTEMBER 28 Private hospitals have fixed their own rate for conducting polymerase chain reaction tests, saying that the fee allocated by the Ministry of Health and Population was too less. Eight private hospitals and labs, including HAMS Hospital, Star Hospital, B&B Hospital an Read More...

President issues ordinances on acid attack punishment, acid sale regulation

KATHMANDU, SEPTEMBER 28 President Bidhya Devi Bhandari today issued two ordinances to increase jail sentence for acid attackers and to regulate the sale and distribution of acid and other harmful chemicals. One of the ordinances amended the new penal code, proposing to increase jail term for a Read More...

Editorial: Unemployment problem cannot be addressed unless all levels of govt work together to create jobs within the country

The unemployment problem cannot be addressed unless all levels of govt work together to create jobs within the country Unemployment is a big problem in Nepal. That is why youths in large numbers migrate to other countries, mostly India, the Middle East, Malaysia, South Korea and Japan, where they e Read More...

Ayurvedic literature: Delving into its history

The travelogue of Chinese pilgrim Faxian was the earliest testimony to describe the healthcare system in ancient South Asia. It is close to the description by the earliest Ayurvedic compendium, Charaka Samhita Ayurveda has become a buzzword in the contemporary setting of medicine in the era of COVI Read More...

Six student leaders arrested for staging protest outside Chinese Embassy in Kathmandu

KATHMANDU, SEPTEMBER 28 Six student leaders of Nepal Student Union, the student wing of major opposition Nepali Congress, were arrested today for staging a protest outside the Chinese Embassy at Baluwatar against the alleged border encroachment by the Chinese side in Humla district. The NSU le Read More...

Woman found dead in Saptari district

A police team has been deployed from Province Police Office, Janakpur, to investigate the case RAJBIRAJ, SEPTEMBER 28 A 50-year-old woman was found dead at Mayanakaderi village, Ward No 2 of Tirhut Rural Municipality, Saptari, yesterday. The body of Dayaman Devi, wife of local Shiv Narayan, w Read More...