Market down by 71.06 points, all sub-indices record loss

KATHMANDU: The Nepal Stock Exchange (Nepse), which is following bearish trend since last few days, fell by 71.06 points or 2.45 percentage to 2834.40 today.

The market today recorded turnover worth Rs 11.84 billion through trading of 23 million share. The share price of most trading companies declined and all the market group sub-indices have turned red.

The market continued to fall following Sebon’s statement last week listing 51 overvalued companies as per the regulator’s analysis. The capital market regulator had cautioned investors to refrain from speculative trading while also vowing to investigate malpractices in the equity market.

But the statement from Sebon have directly affected investor’s confidence resulting to plunging share market since last few days.