KATHMANDU, June 23: Nepal Stock Exchange (NEPSE) plunged below 2,700 points in the past three and a half months due to a heavy decline in investors’ confidence towards the country’s share market.
According to the NEPSE, the market index stood at 2,673.97 points on March 1. Over the period, the index reached as high as 2,950.16 points on March 26. However, the market has been on a downward trend after the formation of a new government led by Prime Minister Balen Shah.
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With the NEPSE index, the trade volume has also performed pathetically. During the period, the daily turnover hit the highest of Rs 23.17 billion on March 22. It plunged as low as Rs 2.42 billion on March 18.
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