KATHMANDU: Following a positive circuit break that led to the closure of the stock market on the previous day, Monday witnessed a rollercoaster of activity with rapid fluctuations.
The market displayed an initial surge of 25 points during pre-opening trade at 10:30 am.
However, as regular trading commenced at 11 o’clock, the market took a sharp downturn, plummeting by 26 points to 1937 within a span of just 6 minutes.
Subsequently, it experienced a rapid recovery, reaching 1982 points within the next 6 minutes, only to decline again.
By noon, the market showed signs of stabilizing, registering a 19-point decrease compared to the previous day.
Notably, a staggering turnover of 2.8 billion rupees was achieved by 12 noon.
Various sectors witnessed fluctuations with Banking at 1.1, Development Bank at 1.7, Finance at 1.1, Hotel and Tourism at 1, Hydropower at 1.5, and Life Insurance at 0.8, all experiencing a decline of 0.9 percent.
Meanwhile, trade and production groups showed a modest increase during this volatile trading period.
Comment