Kathmandu, Aug. 26: The Nepal Stock Exchange (NEPSE) indicator which had increased considerably after transaction started today fell by 25.98 points. On Monday, the indicator dropped 38 points.
According to NEPSE, the indicator today fell by 2.75 per cent to relapse into 921.86 points. Transaction has seen a substantial reform although share value has decreased with intensity.
The NEPSE witnessed a transaction of more than Rs. 510.75 millions in shares. The largest insurance company share has declined by 88 points. The banking sector decreased by 39.4 points while share of the production sector indicator showed a decrease by 36.32 points. On the other hand, the Hydro Power sector has indicated an increase by 66.5 points.
Finance Ministry’s Joint Secretary Krishna Devkota appealed to investors to not be frustrated by the decline witnessed recently in the capital market. He said that the Ministry would work to keep the market on a positive footing.
Nepal Rastra Bank’s former Governor Dipendra Bahadur Chhetri said that the Bank had issued a directive to prevent the liquidity seen in the Commercial Banks from spoiling into the un-productive sectors. He also urged the investors to not be frustrated.
Meanwhile, Nepal Investors’ Forum chairman Rajkumar Timilsena and Nepal Stock Brokers’ Association chair Narendra Sinjapati said that the directive issued by the NRB in the latest round had touched the sentiments of the investors. They stressed on stopping the directive issued by the central bank as it aimed at giving benefits to bigger investors and tightened the noose on smaller investors.