Nepal Stock Exchange (NEPSE) index continued to plunge last week, going below 300 points.

NEPSE index has plunged by 3.78 points to settle at 298.90 points during the five trading days from Sunday to Thursday last week.The market had opened with 302.68 points on Sunday.

As per the sub-indices of all the groups, except trade and insurance groups, all the other groups are in the negative growth – commercial bank lost 2.74 points, manufacturing lost 13.91 points, hotel lost 2.45 points,  group categorised as others lost 7.05 points, hydropower lost 21.04 points, finance went down by 1.65 points, and development banks by 1.99 points.

However, trade and insurance witnessed  positive growth by 1.16 points and 1.34 points, respectively.

During the five trading days, NEPSE traded with 125 companies registering the turnover of Rs. 137.6 million through 5275 transactions while it had traded with 119 companies registering the turnover of Rs. 81 million through 4980 transactions the previous week.

Of the total transaction, Group A companies alone contributed Rs. 82.7 million which is 60.13 percent of the total turnover.

Nepal Life Insurance Company (Rs. 22.85 million), Machhapuchchhre Bank (Rs. 17.05 million), Everest Bank (Rs. 15.57 million), Bank of Kathmandu (Rs. 8.15 million) and Sanima Bank (Rs. 7.89 million) were the top five companies to witness the highest transaction last week. nepalnews.com