The market
that has attracted three circuit breakers last Thursday and two circuit
breakers yesterday, has plunged today due to selling pressure to book profit.
The Nepal
Stock Market (Nepse) index dropped down by 8.76 points today as the market
closed at 647.99 points as the hydropower, others and banking sub-gropus lost.
The
investors, who were encouraged by the last Thursday and Sunday's gain, have
planned to book the profit from the market,
The
hydropower sub-group lost 20.04 points to close at 1563.02 points, whereas
others and banking sub-group lost 16.45 points and 12.94 points, respectively
pulling the Nepse down. But insurance sub-group gained today also.
The
shareholders of Prime Life Insurance gained some 10 per cent, while Sidhartha
Insurance – also due to its book close – lost 33.17 per cent for the day. The
market witnessed Rs 328.15 million turnover in the intraday trading.
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