KATHMANDU, Feb 20: Nepal Stock Exchange (Nepse) on Sunday slid 39.4 points in response to the mid-term review of monetary policy enforced by Nepal Rastra Bank (NRB) last week.
The secondary market that opened at 2,732.51 points underwent a series of fluctuations in the intraday trading. The market index rose as high as 2,715.83 points before closing finally at 2,693.10 points.
Nepse loses over 60 points as stock rout continues
Through revising the monetary policy, NRB has capped banks in providing loans against shares, and has increased interest rate and restriction measures to check imports. The private sector has expressed its dissatisfaction with the central bank’s measures ‘that could further aggravate the cash flow in the economy’.
Except ‘others,’ the rest of the 12 trading groups witnessed a fall in the average shares’ prices. The single day turnover amount however increased to Rs 4.08 billion from Rs 2.27 billion on Thursday.
Jeevan Bikas Laghubitta Bittiya Sanstha posted the largest turnover amount of its shares worth Rs 580.22 million. Narayani Development Bank lost the largest point percent while United Idi-Mardi and RB Hydropower Limited was recorded as the top gainer.
