KATHMANDU: Nepal Stock Exchange (Nepse) tanked 60.77 points to close the first trading day of the week at 2,121.86 points on Sunday.
The benchmark index’s fall is attributed to the cold response of investors to the mid-term review of monetary policy for the fiscal year 2022/23. The investors were hopeful that the central bank will change the margin lending provision. But since the central bank left the provision unchanged, investors are unhappy.
Nepse index logged gains of 88.09 points last week.
The market opened for trading at 2,182.64 points on Sunday and started taking a slide soon after the trading began. The market made some attempts for recovery but eventually closed the day 2.78% lower.
Himalayan Distillery Ltd led the list of companies in terms of turnover as Rs 143.76 million worth of shares of the company were traded on the day. Next on the list were Ngadi Group Power Ltd and Api Power Company with total turnovers of Rs 78.01 million and Rs 77.61 million, respectively.
A total of 8.14 million units of 253 scrips worth Rs 3.04 billion changed hands through 51,226 transactions on the day. Total market capitalization was recorded at Rs 30.6 trillion.