KATHMANDU, May 26: Nepal Stock Exchange (NEPSE) on Monday declined marginally by 5.21 points although Nepal Rastra Bank (NRB) announced its soft policy towards the country’s secondary market.
Through the third-quarter review of the monetary policy for the current fiscal year 2024/25, the NRB has reduced the risk weight for share mortgage loans to 100 percent from 125 percent. This is expected to encourage banks and financial institutions to provide more loans in the segment.
On Monday, the secondary market opened at 2,679.98 points and it gained around 47 points in the pre-opening session. In just one minute of the market opening for the main trading, the index jumped to the day’s high at 2,745.9 points. However, the market gradually declined and reached as low as 2,670.9 points when the trading time was left for 17 minutes, while it recovered around four points in the remaining period to close for the day at 2,674.76 points.
Revised interest rate corridor system introduced
Only two groups—manufacturing and processing, and banking—gained 57.05 points and 2.48 points respectively. Of the 11 losers, microfinance plummeted 74.84 points, the largest of all.
The sensitive index, which measures the performance of ‘A’ class companies, lost 0.37 points. Daily turnover amount slightly declined to Rs 7.58 billion from Rs 7.60 billion on Sunday.
Among the individual companies, 92 were gainers while 155 were the losers. Radhi Bidyut Company had the biggest turnover of its shares worth Rs 643.15 million.
Gurans Laghubitta Bittiya Sanstha Limited was recorded as the topmost loser. Om Meghashree Pharmaceuticals Limited gained the highest of 9.99 percent of its market value.
