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.
So far, Nepal has reported 219 coronavirus positive cases and zero death cases. Currently, there are…Read more