KATHMANDU, September 5: Nepal Stock Exchange (Nepse) on Sunday underwent a landslide of 108.26 points in its index and closed at 2,818.72 points.
Nepse, which opened at 2,928.80 points on the first day of the week, went on a downward spiral since the commencement of the transactions for the day. It went as low as 2,779.68 points with a loss of 5.03 percent in the first two trading hours, following which the authority imposed a circuit breaker to halt transaction for 40 minutes.
Nepse in weekly correction but selling pressure eases off
Although the secondary market recovered 94 points after the authority reopened the system for trading, it observed a freefall thereafter. The entire 13 sub-groups of the market landed in the red on Sunday trading.
The country’s stock exchange market has been facing high volatility after Nepal Rastra Bank implemented the monetary policy for 2021/22. Through the policy, the central bank has tightened the noose on large investors in particular, by capping on the margin loans threshold.
