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The NEPSE index, which measures share trading, has also fallen by double digits for the second trading day in a row (Monday and Tuesday). NEPSE decreased by 14.53 points on Monday and decreased by 15.08 points on Tuesday. After decreasing by 0.57 percent compared to the previous day, the overall NEPSE fell to 2,631.98 points on Tuesday.
Out of those that came into trading on that day, the share price of 57 companies increased while 188 companies decreased. On Tuesday, 184 million 91 thousand 941 shares were bought and sold in a total of 66 thousand 265 shares. Along with the NEPSE index, the turnover has also started to decrease continuously.
8 billion 91 crore 28 lakh rupees worth of shares were bought and sold in the stock market on Monday, while shares worth 7 billion 57 crore 52 lakh 6 thousand rupees were traded on Tuesday.
Among the 13 sub-groups traded that day, there was a slight improvement in collective investment funds, but the index of all the rest decreased by high points. As the index of all the 12 sub-groups fell by high marks, the overall NEPSE experienced a double-digit decline. The index of the life insurance sub-group fell the most on the day by 70.93 points. NEPSE data shows a decrease of 48.65 points for development bank, 40.74 points for hotel and tourism, 39.97 points for non-life insurance and 36.43 points for microfinance.
When the NEPSE index fell, the size of the securities (shares) market (total market capitalization) shrank by 25 billion rupees in one day. At the close of trading on Tuesday, the total market capitalization has remained at 43 trillion 76 billion 39 billion 75 million rupees.
When business closed on Sunday, such capitalization was 44 trillion 1 billion 488 million rupees. This shows that the total market capitalization has decreased by 25 billion 9 crore rupees on Tuesday alone. The total market capitalization is calculated by multiplying the total number of shares listed in the secondary market by the market price of the same day.
On Tuesday, Crest Micro Life Insurance's share price increased by 10 percent and the transaction was controlled through a circuit breaker.
On that day, Nepal Micro Insurance Company's share price increased by 9.99%, Geo Energy Development's 9.01%, Radhi Electricity Company's 7% and Corporate Development Bank's 6.63%. However, the share price of Madhya Bhotekoshi Jalvidyut fell by 9.88%, Green Development Bank by 7.76%, Sindhu Development Bank by 6.63%, Greenlife Hydropower by 4.59% and Himalayan Hydropower by 4.06%.
