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Capital market continues with downward trend


KATHMANDU: The continuous downward trend of the capital market has made the investors jittery.
Those who entered the market recently have suffered the most due to loss causing fall of the index, experts said.
By Sunday, the Nepal Stock Exchange (NEPSE) index decreased by more than 200 points in last two months to close at 883.51 points after it touched 1083.55 points peak.
Despite the initiation of Nepal Stock Exchange, the market regulator Security Board of Nepal and encouraging speeches from the economists and experts, the investors in the capital market are losing confidence.
Nepal Stock Exchange organized an interaction last week by inviting experts from the government and the regulatory agencies to build confidence of capital market investors.
On Sunday’s transaction alone the NEPSE index posted a decline of 16.38 points to close at 883.51 points. The index had also declined by overall 2.26 points during the last week.
The sensitive index which measures the performance of group ‘A’ companies also declined by 3.41 points to close at 189.91 points.
Sub-indices of all the transaction sub groups expect others’ group showed declining trend on Sunday.
Sub-indices of insurance recorded highest points fall of 61.09 points to close at 3,534.53 points followed by hydropower with 46.92 points fall to close at 2,245.54 points and hotels with 21.85 points fall to close at 1,806.46 points on Sunday.
Similarly, banking, development bank and finance group sub-indices declined by 21.39 points, 12.03 points and 4.83 points to close at 784.37 points, 666.91 points and 484.41 points respectively.
However, sub-indices of others’ group increased by 10.58 points to close at 727.23 points on Sunday’s transaction.
The capital market traded 924,603 unit shares of 128 companies worth Rs. 283,486,342 in 2,801 transactions on Sunday.

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