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The poor performance of share index is attributed to the rumor that the new monetary policy would not do good to the banking sector. Consequently, small investors started selling shares of various banks.
The NEPSE index of the banking sector reduced by 5.73 percent. Share markets was closed briefly on Sunday after the index reduced by more than 4 percent in one-and-half hours.
Some share analysts have also attributed the reduction in the share to raids on food stores on Saturday.
Nepal Investment Bank lost 9.36 percent on its share prices and Nabil bank lost 8.74 percent. Other top losers were Standard Chartered Bank, Nepal Bangaladesh Bank and Industrial Development Bank Limited. nepalnews.comĀ