The Nepal Stock Exchange (NEPSE) index plunged by 20.98 points to 391.89 points on Tuesday, the second trading day of this week.
The stock market witnessed the fall in the aftermath of the dissolution of the Constituent Assembly (CA) as the political parties failed to promulgate the new constitution by May 27.
The index increased by 14.28 points to 412.87 points on Sunday amid hopes for political stability after promulgation of the constitution. But the trend did not last after May 27 constitutional debacle.
As per the sub-indices of NEPSE, hotel group posted positive gain of 29.76 points while all the other groups are in the negative growth – banking 19.83 points, development bank 3.52 points, hydropower 43.98 points, finance 0.8 points, insurance 9.79 points, manufacturing 6.65 points and others 58.73 points.
Today, the NEPSE traded with 50 companies registering the turnover of 8.4 million trough 647 transactions.
The market remained closed on Monday due to public holiday on the fifth Republic Day. Nepalnews.com