Nepal Stock Exchange (Nepse) has responded negative to monetary policy on Sunday as the stock market plunged 16.96 points to close at 1,821.64 points.
The country’s only secondary market Nepse responded negatively to the third quarterly review of monetary policy by Nepal Rastra Bank. According to the private sector, the policy review has very little for correction of multiple economic problems of the country.
The market opened at 1,838.59 points and initially rose to the day’s high at 1,849.48 points. But the market went downhill in the remaining trading hours.
In the intraday trading, 169 listed companies lost their market prices, while 40 companies registered as gainers. The sensitive index that measures the performance of the blue chip companies also went down 3.52 points.
Out of the 13 groups, only investment had its index increased by 0.70 points. Among the 12 losers, hydropower lost the biggest of 50.55 points.
The daily turnover amount however soared to Rs 900.56 million from Rs 578.84 million on Thursday.
Among individual companies, Citizen Investment Trust had transactions of its shares worth Rs 53.57 million and topped the category. Rastra Utthan Laghubitta Bittiya Sanstha Limited registered as the topmost loser while Aatmanirbhar Laghubitta Bittiya Sanstha Limited gained the highest percent of its market price on the day.
