After remaining closed for 50 days due to the COVID-19 pandemic, the Nepal Stock Exchange (NEPSE) market resumed on May 12, 2020, uplifting the share investors.
However, the Nepse Index has witnessed a steep fall as soon as it resumed the operations. The transactions plunged by 25.30 points (2.02%) to settle at 1,226.15 points by 12:24 pm, leading to the suspension of trading for the day.
Around 87 companies have conducted 292 transactions to sell a total of 106,312 shares worth NPR 104.3 million in a trading session of one hour.
Meanwhile, Sensitive Index also plummeted by 5.39 points (1.99%) to settle at 265.67 points while Float Index slumped by 1.82 points (2.06%) to settle at 86.74 points.
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Stockholders of insurance companies have incurred biggest loss in the stock market today.
Meanwhile, the trading sub-group has not registered any transactions today.
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Among the listed companies, the Himalayan Bank has witnessed the highest drop in share value of 3% to close at NPR 485.
“since most investors are in a wait-and-watch mode and banks and financial institutions are also not fully functional, the market remained southbound,” said Nepal Pujibazar Laganikarta Sangh Chair Radha Pokharel.