Nepal Stock Exchange (Nepse) resumed trading after a hiatus of 11 days on Sunday but saw its index drop by 1.49 percent or 6.26 points. Stock trading resumed after UCPN (Maoist) called off their nationwide strike on Friday.
Sensitive index, which measures the trading of Category ´A´ companies listed in the secondary market, also went down by 1.63 points to settle at 100.9 points.
Though transactions resumed after a long gap, share investors did not show up as expected due to eroding investment confidence in the secondary market.
“We had limited investors and majority of them were willing to sell their shares,” a stockbroker told Republica.
All trading groups saw their sub-indices go down on the day´s trading, dragging the the Nepse index down. Banking and Development Bank groups declined by 7.31 points and 3.03 points to close at 368.53 points and 425.37 points respectively.
Similarly, the sub-indices of Hydropower and Finance groups plunged by 4 points and 1.17 points to settle at 647.1 points and 410.83 points respectively.
Insurance and Others groups also shed 3.31 points and 9.4 points in their sub-indices to close at 552.82 points and 513.46 points respectively.
A total of 30,536 units of shares and 56 scrips worth Rs 9.63 million changed hands through 615 transactions on Sunday. Total market capitalization -- total value of listed shares - was recorded at Rs 320.76 billion.
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