NEPSE suffers double digit dip


Kathmandu, Nov. 12: The Nepal Stock Exchange index has suffered a 13.03 points dip to shut at 1192.75. Likewise, the sensitive index, which measures the performance of group 'A' stocks, has also gone down by 2.66 points to stand at 253.42.
The total 443,355 shares of a total of 131 companies were traded at over Rs 133.7 million.
Banking saw a decline by 10 points, while hotel by 11.21, development bank 7.63, hydropower by 18.74, non-life insurance by 101.61 and life insurance by 91.91. Likewise, microfinance went down by 22.98 points and others by 9.
Only share of finance sub groups gained 0.42 points however, according to the NEPSE.
No discrepancy in data
Meanwhile, the NEPSE has made it clear that there was no discrepancy in data related to the traded amount dismissing the complaint regarding the issue as just a rumour.
The NEPSE's clarification about the issue came through a press statement today. Some confusion had surfaced in the beginning with the NPESE switching to the full automated system as per the international standard and the confusion was obvious as well, read the statement.
Market sub-indices measures have not been changed even after the establishment of the new system. The problem was related with the dissemination of traded details, but not the system as a whole, and now the issue has been solved, it has been said. RSS

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