NEPSE Plunges Again: 74 Point Crash Ends Government Honeymoon as Bearish Grip Tightens
Summary
The Nepal Stock Exchange (NEPSE) plunged by 74.73 points to 2,776.36 amid heavy selling pressure and declining investor confidence. Himalayan Reinsurance Limited led turnover at Rs. 71.31 crores while all sectors closed in red, highlighting a bearish market trend.
Key Points
- NEPSE index fell by 74.73 points (2.62%) to settle at 2,776.36.
- Heavy selling pressure with no buyers led to sharp decline in market confidence.
- Total turnover reached Rs. 12.10 Arba with over 30 million shares traded across 347 companies.
- Himalayan Reinsurance Limited topped turnover at Rs. 71.31 crores; Nepal Reinsurance Company Limited recorded the highest price fall at 9.84%.
