Nepse loses 10.83 points on concern over contraction of liquidity in banks

Published On: January 23, 2022 05:54 PM NPT By: Republica  | @RepublicaNepal

KATHMANDU, Jan 23: Nepal Stock Exchange (Nepse) index on Sunday fell 10.83 points to close at 2,920.51 points.

The secondary market followed an upward graph in the first hour of the intraday trading and hit 2,961.56 points. However, the index fell successively due to the selling pressure of the investors.

According to a stockbroker, the investors’ sentiments were largely affected by the government’s recent plan to take internal borrowings worth over Rs 100 billion in the next few months. Citing a possible deepening of the liquidity position in the banking system with the government’s action, many investors rushed to book profit out of the soared shares prices of the last week.

Eight out of 13 sub-groups witnessed an average fall in the shares’ prices. The index of the development bank went down by the largest of 73.42 points.

Among individual companies, shares’ price of Samling Power Company Limited declined by 6.69 percent, the largest of all. With an increase of 10 percent in its share price, Wean Nepal Laghubitta Bittiya Sanstha was the top gainer.  


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