Low confidence of investors pushes the secondary market down by 115 points in the first four trading days
KATHMANDU, April 6: Nepal Stock Exchange (Nepse) on Wednesday fell 23.32 points amid low confidence of investors resulting from the worsening economic situation of the country.
The country’s secondary market has been reeling under the bearish trend particularly for the past two weeks. In the first four days of this week, the market dipped by more than 115 points while the index declined by around 70 points last week.
During the trading on Wednesday, the market that opened at 2,452.06 points rose to a maximum of 2,457.30 points before closing finally at 2,428.75 points. Except for others, mutual fund and hotels and tourism, the indices of the rest of the 10 trading groups declined.
With a slump in the share market, the daily turnover stood at Rs 1.99 billion, down from Rs 2.67 billion on Tuesday. The sensitivity index of the blue chip companies also fell 2.28 points.
Himalayan Distillery Limited had the largest transaction of its shares worth Rs 94.15 million. Emerging Nepal Limited was the top loser of the day while NESDO Sambridha Laghubitta Bittiya Sanstha gained the largest point percent.