KATHMANDU, March 31: Nepal Stock Exchange (Nepse) on Thursday fell 23.95 points while the single-day turnover amount also declined to as low as Rs 1.89 billion after the banks failed to improve their liquidity position even by the third quarter-end this year.
According to Nepse, the market that opened at 2,568.25 points gained around 16 points in the first few minutes of the intraday trading. However, the secondary market went into a straight fall, down by double-digit points to close at 2,544.30 points.
Nepse posts dismal picture—daily turnover falls below Rs 1 bill...
Except trading, indices of the rest of the 12 groups declined on the last trading day of the week. The sensitive index that measures the performance of the ‘A’ class companies also fell by 4.6 points.
According to a stockbroker, a gain of over 40 points on Wednesday, following consecutive three-days drop in the secondary market, could not boost the confidence of the investors due to the ongoing shortage of loanable funds with the banks. As a result, the single-day transaction amount also dropped by 16 percent compared to that of the previous day.
Emerging Nepal Limited had the largest transaction of its shares worth Rs 92.38 million while the company also posted the largest percentage gain in its share price. Narayani Development Bank was the biggest loser.
