KATHMANDU, Feb 17: The transaction volume at the secondary market declined to as low as Rs 2.27 billion on Thursday after investors turned reluctant to inject their money into shares, citing the review of monetary policy that is likely to take place next week.
According to Nepal Stock Exchange (Nepse), the traded amount has been affected largely for the past few days. The single-day turnover amount stood at Rs 3.23 billion and Rs 3.02 billion on Tuesday and Wednesday, respectively.
Nepse fails to boost investors’ confidence, daily turnover fall...
Amid low investor confidence caused by political uncertainty due to the ratification process of the US-funded Millenium Challenge Corporation (MCC) compact agreement, Nepse dropped slightly by 1.94 points to close at 2,732.51 points on Thursday. The index dipped as low as 2,724.02 points while it escalated to the maximum of 2,745.19 points.
Trading, hydropower, manufacturing, others and mutual fund groups were successful in increasing their average share prices. Terhathum Power Company Limited was the top gainer. With a decline in share price by Rs 749 per scrip, Rastriya Beema Company Limited Promoter Share was the top loser.
