March 2: The Nepal Stock Exchange (NEPSE) index fell for four consecutive days this week.
The market fell by 26.48 points on the last trading day of the week to close at 1,969.01 points. In the four trading days, the index dropped by 58.18 points. Lately there has been some instability in Nepali politics. With the exit of the UML from the coalition government, the finance minister, who was liked by investors, also quit. Investors are wondering whether the stock market has fallen due to political instability.
Experts say that the political influence on the stock market will be temporary. Although the liquidity in the financial system has improved in recent days, the interest rate on loans has not decreased. In a short period of time, the market rose from 1800 points to 2200 points and started to fall. During this period, traders made good fortune. Now, the traders plan to make investment in the stock market only when the market falls to the lowest point.
A total of 3,657,154 units of shares of 256 companies were traded on Thursday. The daily turnover on Thursday stood at Rs 1.33 billion.
In the intra-day trading, 194 companies lost in their market values while 19 made gains.
All the 13 trading sub groups lost in their market values on Thursday.
The index of microfinance group decreased the most by 2.64 percent.
Among individual companies, Himalayan Distillery Limited had the largest transaction of its shares worth Rs 81.28 million.
Meanwhile, Global IME microfinance shareholders lost the most on Thursday. The share price of the company decreased by 7 percent. Buddha Bhumi Nepal Hydropower Company Limited gained the highest percent of its market value by 4.29 percent.