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Nepse drops 3.94 points

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KATHMANDU, Jan 5: Nepal Stock Exchange (Nepse) index continued its journey in the red zone on Tuesday, as the benchmark index lost 0.73 percent or 3.94 points to close at 536.18 points amid rising selling pressure in the secondary market. [break]



Decline in sub-indices of all trading groups dragged down the Nepse index. Sensitive Index, the barometer of trading of Category ´A´ companies listed in the secondary market, also lost 1.23 points to close at 131.51 points at the end of the trading session.



During Tuesday´s trading, Banking group - the heavyweight group in the secondary market - was the highest loser, shedding 6.38 points to close at 511.99 points. Likewise, Development Bank and Hydropower groups also declined by 0.93 points and 3.09 points to close at 592.77 and 803.32 points respectively. Finance group lost 0.87 points to close at 542.43 points.



However, total worth of shares and scrips traded on Tuesday stood at Rs 46.93 million on Tuesday, up from Rs 29.13 million recorded a day earlier. The number of traded shares also increased to 92,987 units from 61,526 recorded on Monday. However, the number of transaction dropped to 939 from 962. Total market capitalization plunged to Rs 411.97 billion from Rs 414.7 billion.



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