Nepse shed 10.39 points to close at 671.15 points at the end of trading session on Sunday, the first day of the week´s trading, due to the fall in the sub-indices of major trading groups.
Nanda Kishore Mundada, president of Nepal Stock Brokers´ Association, said mounting selling pressure led to the decline in share prices, as the Securities Board of Nepal (SEBON) is likely to allow investors sell promotes share in the secondary market.
The Nepse lost points for the third consecutive days on Sunday. Fall in the sub-index of the Banking group, the major player in the secondary share market, was the major contributor behind the fall of benchmark Nepse. Banking group´s sub-index plunged by a whopping 16.09 points to close at 692.66 points on Sunday, contributed by the decline in share prices of Bank of Kathmandu, Everest Bank, Global Bank, Himalayan Bank, Kumari Bank, Nabil Bank and Siddhartha Bank among others. Similarly, the Development Bank group and Hydro Power group also saw their sub-indices drop by 8.53 points and 2.05 points to close at 699.31 points and 872.74 points respectively. Others group also lost 4.69 points to close at 654.42 points.
However, Finance group and Insurance group saw marginal increments of 0.9 points and 0.84 points to close at 662.88 points and 641.1 points respectively.
Total turnover of stock reached to Rs 64.15 million with 100,516 units of share and 62 units of scripts changing hands through 1,021 transactions. Total market capitalization stood at Rs 466.92 billion at the end of the trading on Sunday.
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