On the second day after Dashain the NEPSE turnover has decreased significantly. Monday, NEPSE closed at 2587.45 points, decreasing by 69.51 points.
As banks published notice about increasing interest rates, it created pressure in the share market, as per the experts. On Monday 87, 76,337 shares of 218 companies were traded with a turnover of more than Rs 2,96,68,99,000. Only the trading sector had a positive circuit with an increase of 18.94 points.
Non-life insurance sector lost 427.07 points while life-insurance sector lost 358.01 points. Development banks declined with 166.95 points while Hydropower sector lost 102.42 points. Banking sector also lost 38.13 points.
Nabil bank’s shares were traded the most on Monday. 18, 98,518 worth of shares were traded of the bank. While the closing price of Nabil bank’s share was Rs 1,468. Sanima Bank, Himalayan Distillery, API Power Company, Nepal bank were the companies with the highest trades.