NEPSE sheds over 61 points

Following weeks of uninterrupted rise, the Nepal Stock Exchange (NEPSE) index finally plummeted by 61.12 points over the week compelling the market to move towards correction.

NEPSE index fell to 984.53 points on Thursday, the last day of transaction, after opening at 1045.65 points on the first day. Trade analysts said that this upheaval in the market was seen because their repeated cautions that the bullish trend seen in NEPSE index was unjustifiable and that buyers should not purchase shares based on assumptions that it would grow largely, went on deaf ears.

The total turnover at the stock decreased by 14.85 percent to Rs 636.7 million as compared to last week. A total of 728,317 units of shares of 72 companies were traded through 2,998 transactions this week.

Groupwise share trading data shows that the value of the trading shares of the companies falling under category 'A' reached Rs 263.6, which made up 41.40 percent of the total transactions. nepalnews.com ag Dec 30 07

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