Rapid fluctuations in NEPSE, 44-point market decline, transaction over only Rs 7.5 billion

KATHMANDU: SEPT. 7 – The stock market index (NEPSE) has declined by 44.18 points on Tuesday, the third trading day of the week.

The market, which had increased by 161 points on Monday, has declined again by big points on Tuesday. Investors were optimistic after the market, which had declined by 108 points on Sunday before the start of the week, rose by a large number on Saturday. However, the indicator rose again on Tuesday.

By the end of trading on Tuesday, the NEPSE index had dropped 1.48 percent to 2936.60 points. The Sensitive Index declined by 5.05 points to 548.55.

Of the 13 subgroups traded on the day, the indices of two subgroups have increased while the rest have declined.

Similarly, 15 million 82 thousand 81 shares of 222 companies have been bought and sold worth Rs 7 billion 499.58 million 12 thousand 1 hundred 61 rupees.

The share price of Sanima Life Insurance Limited has risen 10 percent on this day.

NEPSE has seen sharp fluctuations since the first day of the week. Investors had expressed their dissatisfaction with the NRB on Sunday, saying that the market had declined in large numbers due to the tightening of margin lending by the NRB. However, before the start of business on Saturday, the Finance Minister instructed the Governor to solve the problems in the capital market.

However, the market has declined on Tuesday after the NRB issued a circular stating that the limit of shareholding loan will not be changed due to investors’ protest.