Nepse index declines by 33.71 points

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Kathmandu, June 3

The Nepal Stock Exchange (Nepse) index plunged by 2.58 per cent or 33.71 points today — the first trading day of the week — to close at 1,273.95 points.

Likewise, the sensitive index, which measures the performance of class ‘A’ stocks, went down by 2.58 per cent or 7.09 points to 268.19 points. The float index that measures the performance of shares actually traded also shrunk by 2.58 per cent or 2.43 points to rest at 91.84 points for the day.

Similarly, among the 10 subgroups at Nepse, only the manufacturing sub-index witnessed a gain while eight subgroups landed in the red zone. Trading subgroup did not witness any transaction today.

The manufacturing subgroup increased by 1.55 per cent or 35.88 points to close the day at 2,346.86 points.

On the other hand, insurance sub-index went down by 4.25 per cent or 290.83 points to 6,548.20 points. It was followed by hotels subgroups, which also declined by 3.13 per cent or 61.44 points to rest at 1,904.43 points.

The microfinance sub-index went down by 3.13 per cent or 55.07 points to 1,702 points. Similarly, others subgroup also took a dive by 2.38 per cent or 17.77 points to 728.14 points and the banking subgroup slumped by 2.53 per cent or 26.04 points to land at 1,080.19 points.

Meanwhile, hydropower sub-index shrunk by 2.06 per cent or 33.09 points to rest at 1,576.55 points. Likewise, development banks also went down by 2.04 per cent or 30.83 points to 1,483.01 points and the finance subgroup declined by 1.3 per cent or 8.39 points to land at 637.95 points.

The biggest gainer of the day was Unilever Nepal whose share price went up by 4.04 per cent to Rs 26,500 and Mega Bank Nepal was the biggest loser as its share price descended by 9.7 per cent to Rs 186.

Written by Sandeep
This news first appeared on https://thehimalayantimes.com/business/nepse-index-declines-by-33-71-points/ under the title “Nepse index declines by 33.71 points”. Bolchha Nepal is not responsible or affiliated towards the opinion expressed in this news article.