Nepse plunged 76.78 points last week, investors suffered a loss Rs 107 billion

Published On: June 18, 2022 03:30 PM NPT By: Republica  | @RepublicaNepal

KATHMANDU, June 18: Nepal Stock Exchange (Nepse) declined 76.78 points last week while the investors lost Rs 107 billion in their book value due to a massive fall in share prices.

According to Nepse, the secondary market opened at 2,048.16 points on Monday and closed at 1,971.38 points Friday, last week. The market went below 2,000 points in over a year.

On Monday, the first trading day of the last week, the Nepse index dropped 15.82 points, followed by a fall of 36.08 points and 29.89 points in two consecutive days. On Thursday, the market, however, gained 12.57 points before dropping by 7.56 points on Friday.

Investors have been blaming the government’s apathy to implementing policies recommended by a number of studies carried out earlier. Recently, a group of investors launched a hunger strike, demanding that the government remove the threshold of Rs 40 million and Rs 120 million for the investors receiving bank loans to invest in stocks.

Alongwith a fall in the Nepse index, the transaction volume also went down from Rs 6.59 billion to Rs 5.59 billion, a decline of Rs 993.92 million, last week. The market capitalization also decreased to Rs 2.81 trillion from Rs 2.917 trillion.


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