Nepal Stock Exchange (NEPSE) on Wednesday declined 9.43 points to close at 2,705.38 points.

According to stockbrokers, the market went down in intraday trading after the investors rushed to book profits out of the capital gains on the previous day. On Tuesday the market escalated 42.26 points.

The secondary market opened at 2,714.81 points and jumped to the day’s high at 2,727.99 points in the first 11 minutes. The index dramatically plunged to as low as 2,703.72 points in just the next 14 minutes. Almost till the midway of trading hours, the index hovered around at the market open value. The index plunged to the day’s low at 2,696.04 points in the last 33 minutes, while the market recovered nine points in the remaining period before it closed for the day.

Only ‘others’ added 6.34 points, whereas the remaining 12 were the losers. Hotels and tourism plunged by the largest of 140.33 points.

The sensitive index which measures the performance of ‘A’ class companies decreased 1.35 points. The daily turnover also slipped to Rs 8.92 billion from Rs 11.85 billion.

Among the individual companies, 82 were gainers while 174 were recorded as losers. Ankhu Khola Jalvidhyut Company had the largest turnover of its shares worth Rs 433.63 million.

Gurans Laghubitta Bittiya Sanstha Limited witnessed the highest fall 5.89 percent of its market price. Kalika Power Company by adding 9.84 percent stood as the highest gainer.