Himal Press 
KATHMANDU: Nepal Stock Exchange (Nepse) snapped a seven-day winning run to close 17.35 points lower at 1,941.77 on the eve of the budget day on Sunday.
Although the market dipped initially after opening at 1,941.77 points, it hit an all-time high of 1.977.52 points indicating that the benchmark index’s bull run will extend further. However, Nepse witnessed a steep decline in the final trading hour of the day and ultimately closed 0.89% lower.
Except for Manufacturing and Processing, and Mutual Fund groups, which posted nominal gains, all other trading groups ended the day in red. The maximum loss came from Hotels Indiex which was down by 2.77%. Next on the list were Non-Life Insurance and Finance groups which saw their respective sub-indices go down by 2.63% and 2.42%.
Shivam Cement continued to be the largest traded stock in the stock exchange as Rs 217.99 million worth of the cement producer’s shares changed hands on the day. Next on the list were Nepal Doorsanchar Company Ltd and Soaltee Hotel Limited with turnovers of Rs 91.30 and Rs 88.67 million, respectively.
A total of 7 million units of shares worth Rs 2.64 billion were traded on Sunday. Total market capitalization reached Rs 2.83 trillion.
