Downward trend continues at NEPSE

 

Bear refuses to loosen its hold on the Nepal Stock Exchange (NEPSE) as it experienced a downward slide for the last three consecutive weeks, losing 41.98 points to reach 714.76 points on Thursday, the last day of stock trading.

 

According to data provided by NEPSE, 300,300 units of shares amounting Rs 288.9 million were traded through 3710 transactions during the week. Last week, 317,800 units of shares were traded through 2709 transactions to touch Rs 328 million.

 

Group-wise trading showed that the commercial banks' lost 50.55 points to finish at 691.12 points. Similarly, hydropower, trading groups, insurance groups were also among the losers this week while the manufacturing and hotel groups were among the gainers. nepalnews.com ag Mar 16 08