Market conditions deteriorated for the second day in a row as the stock market reopened following the Tihar festival. In the previous day’s trading, the index had dropped 19.20 points.
A similar pattern was observed in the market today, with both the sensitive and float indexes falling in value. The sensitive index fell to 512.82 points, representing a 16.02 point or 3.03 percent decline. The float index fell to 191.42 points at the close of the day, a decrease of 5.53 points or 2.81 percent from its previous closing level.
In today’s trading, all of the sub-indices were in the negative territory, with the non-life insurance index leading the pack of losers with a 4.64 point change, followed by the life insurance index with a loss of 379.83 points.
In contrast, the daily turnover climbed on the second trading day, when a total of 11,917,077 units of shares in 225 businesses were traded for a total of Rs 6.527 billion, representing an increase from the previous day.
On Monday, barely Rs 4.420 billion was transacted in a single day.
Following the completion of the share transaction, the market capitalization amounted at Rs. 3,866 trillion.