NEPSE down by 2.33pts

For the second consecutive day, Nepal Stock Exchange (NEPSE) fell recording a decline of 2.33 points to close at 676.41points at the end of trading on Monday.
The impact of Maoists bandh was seen at the NEPSE as both the number of shares traded and the daily turnover declined.
Banking sub-indices posted meager gain of 0.23 points. Of the 18 commercial banks that were on the trading floor of NEPSE on Monday, eight had their share prices going up. Nabil Bank was the highest gainer with a rise of 27 points.
The rise in Butwal Power Company (BPC)'s share price helped hydropower sub-indices to gain 7.13 points. BPC posted a gain of Rs. 36 on Monday. After the Supreme Court's decision of stopping Chilime Hydropower's IPO, its share price dropped by Rs. 10 to close at Rs. 1190.
However, slump continued in the development bank, insurance and finance sectors with a fall of 8.14 points, 4.69 points and 0.64 points respectively.
Among the 10 development banks whose shares were traded on NEPSE, only two had their share prices going up. The top gainer among development banks was Clean Energy Development Bank whose stock rose 15 points while Triveni Bikas Bank was the biggest loser with its stock shedding 56 points.
Monday saw rights shares of four financial institutions being listed in NEPSE. Among them were Pokhara Finance, Siddhartha Development Bank, Nepal Investment Bank Ltd and Infrastructure Development Bank. NEPSE had a total turnover of Rs. 39.58 million through 112,333 units of shares. There were only 50 companies present at the trading floor of the NEPSE.
Pokhara Finance, Butwal Power Company Citizen Bank, Nepal Industrial and Commercial Bank and NMB Bank were the top gainers at NEPSE on Monday. Meanwhile, Kuber Merchant Bittiya Sanstha, Shikhar Insurance, Triveni Bikas Bank, National Hyrdop-ower Company and Premier Insurance were the top five losers.