Nepal Stock Exchange Resumes After 50 Days, Witnesses Steep Fall

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.

• Non-life insurance: Plunged by 524.73 points (7.46%) to 6,508.07 points
• Life insurance subgroup: Plunged by 690.31 points (7.45%) to 8,576.39 points

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.

Nepal Stock Exchange Share Prices

Source: Nepalstock.com

“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.