Nepse down 18 points

KATHMANDUm July 28: After logging gains of a staggering 90 points after the unveiling of Monetary Policy for Fiscal Year 2015/16 last week, Nepal Stock Exchange (Nepse) index shed 18.26 points on Tuesday to close at 1,028.14 points.

Amid expectation that the bank and financial institutions (BFIs) will issue bonus or rights shares to meet the raised minimum capital requirement, investors had gone into a buying frenzy, driving the benchmark index past 1,000 points for the first time in last one year. Nepse has also made a record high daily turnover on Monday, recording transactions worth Rs 1.31 billion.The benchmark index, however, took a dive on Tuesday as investors tried to book profits.

"The index went down amid sell-off for profit booking by investors," Narendra Sijapati, former president of Stock Brokers Association of Nepal (SBAN), told Republica.

Related story

Nepse marginally lower in week after last session recovery