Why share market declined by 63 points in one day ?

Jun Sun 2021 10:59:16

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Why  share market declined by 63 points in one day ?

Kathmandu. The stock market has declined by 63 points on Sunday. Some investors say that the current correction has made the market stronger as there has been no correction in the market which has reached above 3,000 points for a long time. But another type of investor says the lack of liquidity in the banking sector has had an impact on the stock market.

Chairman of the Investors Forum Chhotelal Rauniyar said that the market is declining due to the red list of the board. Although the work of the board is correct, the current problem is seen in making the red list public by name. He accused the board of trying to control the need to regulate the market.

Rauniyar also said that the board should take back the red list and self-criticize in order to strengthen the market and increase the confidence of investors. The market, which had declined to 86 points at one time, has managed to avoid a big drop in the last 5 minutes.

Share prices of all the companies except five traded lower. The share price of Gurkhaj Finance, which has been trading in a negative circuit all day, has closed with the highest price at the end.