KATHMANDU, Nov 28: Nepal Stock Exchange (Nepse) on Monday plunged 15.61 points despite Nepal Rastra Bank adopting flexible measures in the revised monetary policy.
The secondary market opened at 1,965.98 points and closed at 1,950.37 points. The daily turnover was recorded at Rs 1.49 billion, down from Rs 2.02 billion on the previous day.
On Sunday, the market gained 32.43 points on the back of the investors’ expectation that Nepal Rastra Bank would take necessary measures to reduce the lending interest rates by banks, through its revised monetary policy. According to stockbrokers, the central bank’s new measures could not fulfill the investors’ wish lists, so the market did not respond in a positive note on the following day.
In the intraday trading on Monday, the index rose as high as 1,980.26 points in the first few minutes after the trading started. However, it went into a falling graph in the successive trading hours.
Only two sub groups including mutual fund and trading added nominal points in their market prices. The remaining 11 trading groups lost their average market value.
In individual companies, Himalayan Distillery Limited had the largest transaction of its shares worth Rs 164.64 million. Synergy Power Development was the highest loser whereas Khaptad Laghubitta Bittiya Sanstha lost the biggest percent in its share price.