KATHMANDU, Jan 24: Nepal Stock Exchange (Nepse) witnessed a landslide fall of 100.10 points to close at 2,820.41 points on Monday amid lower sentiment of investors due to possible increase in liquidity position of banks.
Recently, the government announced to collect internal borrowings of Rs 47.50 billion in near future. According to a stockbroker, the government action has made investors worry about more liquidity shortage in the country’s banking system.
Due to the same reason, the secondary market on Sunday too came down 10.83 points. Previous to this, the market was on an upward graph in the past few days.
The entire 13 sub-groups landed on red in the intraday trading. Life-insurance and non-life insurance lost the largest of 569.79 points and 506.78 points, respectively.
Karnali Development Bank Limited with a fall in its price by 7.82 percent was the top loser. Wean Nepal Laghubitta Bittiya Sanstha Limited by adding Rs 91.40 per unit in its share price was the top gainer. Despite a three-digit fall in index, the transaction amount stood at Rs 8.88 billion in the secondary market.