KATHMANDU, June 11: Nepal Stock Exchange (Nepse) declined by 30.55 points last week despite the government’s assurance to lift the market by forming a study panel.
Due to the low confidence of share market investors amid tightening liquidity with the bank and uncertainty with upcoming monetary policy, the market failed to move in a positive direction last week too. The secondary market opened at 2,078.71 points and closed at 2,048.16 points in the review period.
Nepse in weekly correction but selling pressure eases off
In the five-day trading, the market fell by notable points in four days. On Monday, the market declined by 12.89 points. The bearish trend continued on the next day, with a fall of 35.53 points.
The market, however, jumped by a gain of 60.22 points on Wednesday after the Ministry of Finance formed a study panel. But the government move failed to build up the confidence of investors, as a result of which, the market declined by 17.58 points and 14.64 points in the consecutive days.
The total turnover stood at Rs 6.58 billion last week. On Friday, the single-day transaction amount fell below Rs 1 billion.
