Secondary market plunges further

The Nepal Stock Exchange (NEPSE) index has plunged by 2.55 points to settle at 511.92 points on Wednesday, the third trading day this week.

The secondary market, which gained a meager 0.18 points to settle at 514.49 points on Sunday, started downward trend from Monday losing 0.02 points to 514.47 points, the second trading day. The market remained closed on Tuesday due to public holiday.

On Wednesday, all the sub-indices groups witnessed negative growth as banking lost 2.45 points, hotels 9.47 points, development bank 2.25 points, hydropower 6.72 points, finance 1.08 points, insurance 1.73 points, manufacturing group 10.17 points and others 2.34 points.

The benchmark index had gained 5.94 points to settle at 514.17 points over last week. Nepalnews.com