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Nepse sheds 4.71 points

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KATHMANDU, Jan 18: Nepal Stock Exchange (Nepse) tumbled by 0.89 percent or 4.71 points to close at 524.19 points on Monday -- the second day of week´s trading.

Stock analysts said they have no specific reason to attribute for normal fluctuation.



Decline in sub-indices of major trading groups pulled down the Nepse index on Monday´s trading. Banking, the key trading group in the secondary market, was the highest loser with its sub-index losing 6.21 points to close at 497.51 points. [break]



Similarly, Development Bank , Hydropower and Others groups lost their sub-indices by 1.75 points, 1.84 points and 5.87 points to close at 583.37 points , 787.66 points and 581.59 points respectively. Finance and Insurance groups saw their sub-indices drop by 0.59 points and 0.08 points to reach 527.1 points and 569.31 points respectively. Hotel, Trading and Manufacturing groups also saw their sub-indices down.



During Monday´s trading, a total of 79,241 units of shares and 58 scrips worth Rs 34.76 million were traded through 847 transactions. Total market capitalization -- total worth of share in the market -- reached Rs 402.58 billion.



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