Nepal's Stock market UPDATE

Nepal’s only share market, Nepal Stock Exchange (Nepse), saw a significant plunge in the Nepse index on Sunday.



As the market closed at 2,818.72 points, it recorded a plunge of 108.26 points.

Earlier today, the trading session for the day had been halted for 40 minutes citing a fall of over 5 per cent in the first two hours of the session. Following the interruption, the downward movement slightly subsided.

Meanwhile, over two dozen companies faced a significant fall in their share prices. Whereas the rules have it that a company cannot lose more than 10 per cent of its share value in a single day, around 30 companies reached close to the mark.

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