KATHMANDU, July 24: Nepal Stock Exchange (Nepse) on Monday dipped 26.66 points to close at 2,200.50 points.
Although the secondary market rose by notable points responding to the monetary policy unveiled by Nepal Rastra Bank on Sunday, the market could not maintain the positive vibe on the consecutive trading day. Although the monetary policy has reduced the risk weightage on the loans against shares worth up to Rs 5 million, it is silent on the similar loans of over Rs 5 million.
The secondary market on Monday opened at 2,227.16 points and hit the day’s low at 2,197.9 points within the first five minutes of the trading. Subsequently, the index rose as high as 2,243.88 points in the next 40 minutes. The market however could not retain its growth and fell successively in the remaining trading hours before it closed for the day.
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Along with a decline in the market index, the sensitive index that measures the performance of blue chip companies also dropped by a notable 6.14 points. The daily turnover inched up to Rs 4.737 billion from Rs 4.375 billion on Sunday.
Two out of the 13 trading groups were the gainers. While ‘others’ added 45.42 points, the mutual fund index increased by 0.14 points. Of the losers, development banks shed the highest of 149.92 points, which was followed by life insurance, non-life insurance and manufacturing and processing to lose three-digit points.
Among individual companies, 163 had their market prices declined. A total of 50 companies gained in their market values.
Nepal Reinsurance Company Limited had the largest transaction of its shares worth Rs 255.669 million. NIBL Growth Fund was recorded the topmost loser while Kisan Laghubitta Bittiya Sanstha Limited gained the highest of 10 percent of its market price.
