Domestic share market suffers double-digit fall

KATHMANDU, Jan 21: The domestic share market on Monday failed to yield an encouraging atmosphere for investors as it suffered a double-digit fall.

According to the Nepal Stock Exchange (NEPSE), the share market closed at 168.06 points today, the second day of the week, a 10.86 point drop.

The sensitive index measuring the values of ‘A’ class companies experienced a fall of 1.87 points to sit at 247.61 points. A total of 1,265,786 units of share of 166 companies were traded while the total turnover was Rs 36,776,638.

However, the finance investors earned today as the finance sub-index, among 11, closed screening green figures of a 0.56-point rise.

Investors of banking (4.62 points), hotel (19.52 points), development bank (7.76 points), hydropower (42.17 points), non life insurance (23.52 points), micro finance (25.51points), and life insurance (61.68 points) lost today.

Meanwhile, the Samudayik Micro Finance Ltd made its entry in the share market from today. The minimum value was fixed at Rs 168 and the maximum price at Rs 505 per unit for the first day. RSS