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.
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.