The Nepal Stock Exchange (NEPSE) index dipped 26.92 points to sit at 1,386.98 points on the last day of the week's trading today.
Securities Board of Nepal had to take action as someone informed them that a fake transaction is taking place in the name of the three hydropower companies namely Hydropower Company, National Hydropower Company, and Sanima Mai Hydropower Company.
The market is expected to see a downward curve until we have a stable government. This probably one of the best times to invest in the share market and we surely hope that the market will see growth as soon as a government is formed. The market this week too has fallen short.
This hasn’t been the best week for investors as the market has been continuously dropping points. NEPSE this week started off at 1,520.15 points and by the end of the week settled at 1,470.64. The market has been continuously losing points this quarter and has worried the investors in many ways.
As the leftist alliance won the parliamentary elections the share market has fallen to an all red scenario. Against the assumptions of the market analysts that the election results would boost the investors’ sentiments and bring a high pace in the secondary market, NEPSE has been continuously falling since Sunday.
According to Economic Activities Study Report of Nepal Rastra Bank (NRB) of Fiscal Year 2016/17, the share of deposit mobilization and credit disbursement of BFIs in Kathmandu region stood at 68.3 percent and 51.7 percent respectively. The study of the central bank covered 57 districts across the country.
Nepal Rastra Bank (NRB) has decided to offload its stake from Nepal Stock Exchange (Nepse) — the sole secondary market of the country. The central bank currently has 34.6 percent stake in Nepse. NEPSE will be taking this proposal into consideration at their next meeting of the board of directors.
NEPSE has shown a positive curve this week. The index closed at 1514.44 points on Sunday and over the week gained 21.68 points and finally closed at 1536.12 points on Thursday. NEPSE opened at 1536.12 points on the last trading day and gradually ending the day with an increase of 1.53 points or 0.09% to close at 1537.65 points.
NEPSE has shown a rather positive curve this week. The index closed at 1475.72 points on Sunday and over the week gained 17.58 points or 0.99 % and finally closed at 1493.30 points on Thursday.