Nepse declined by 30.55 points last week, average daily turnover stood Rs 1.31 billion

Published On: June 11, 2022 05:14 PM NPT By: Republica  | @RepublicaNepal

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.      

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