Nepse index had dropped to 424.21 points on November 7, 2006. [break]
Share analyst said low rate of return from share investment as compared to banks´ interest rates, continued arrivals of new shares through initial public offering (IPO) and investors´ concerns on paying installments of their loans are the key factors that dragged the Nepse down.
"We can´t expect the stock market to revive, unless the government comes up with stimulus package to regain investors´ confidence," Nanda Kishore Mundada, president of Nepal Stock Brokers´ Association, told myrepublica.com on Wednesday.
All the trading groups except the insurance group witnessed drop in their sub-indices on the day. Banking group - the key player in stock market - was the biggest loser of the day, dropping 18.17 points to close at 384.57 points. Development Bank groups lost 6.7 points to settle at 445.98 points.
Hydropower, Finance and Others groups also saw their sub-indices drop by 15.51 points, 5.8 points and 4.69 points to close at 659.9 points, 422.03 points and 516.99 points respectively. Insurance group gained 0.61 points to close at 570.52 points.
Total worth of shares traded on the day rose to Rs 38.29 million from Rs 23.11 million recorded a day earlier. Similarly, number of shares traded also went up to 82,450 units from 66,898 units. Market declined to Rs 330.34 billion from Rs 339.7 billion.
Related story
Turnover hits 18-month low at Rs 2.93 billion; NEPSE up 11.51 p...
