Corona epidemic effect on Nepse: 54 points drop in 28 minutes

KATHMANDU: MONDAY, APRIL 26, 2021 – The market index has declined in the 28 minutes since the start of trading in Nepal’s stock market.

The decline is due to the recent Covid-19 epidemic and rumors of a lockdown by the government to control the infection. The index fell by 75 points to 2600 on Sunday as rumors of a government lockdown spread. The decline in the index intensified on Monday.

The index dropped by 54.63 points to 2517 points in the first 28 minutes of trading.

Shares of Bishal Bazar companies and Mahila Laghubitta Bittiya companies have risen more than 9 percent in a rapidly declining market.