Stock Market of Nepal is wait and see condition : NEPSE decreased by 101 units and turnover is 5 billion on a week

Jul Sat 2023 03:21:26

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Stock Market of Nepal is wait and see condition : NEPSE decreased by 101 units and turnover is 5 billion on a week

Kathmandu. To the end of the financial year 2079.080, the stock market has been affected. The stock market has been affected this week due to the effect of mid-June. Tilak Koirala, an investor, said that although there is enough investable money in the banking system, the market is going down due to the effect of mid-June.

At the end of the financial year, the principal and interest payment of the loan and other taxes have to be paid, even the big investors could not increase the purchase order, said an investor.

Overall, it seems that the upcoming monetary policy has an impact on the stock market along with the pressure of mid-June. Even those who have booked profits are now investing in the 'wait and see' strategy. Instead of entering the market immediately, new investors are waiting for the monetary policy.

It is natural for the market to rise and fall. But the morale of investors plays a big role in increasing and decreasing the market. In the middle of June, there will be general pressure on the stock market. Experts say that it is important to have high morale of investors at this time. Due to the end of June, the business is shrinking, while the NEPSE index has also become weak.

The stock market fell by 53.70 at the beginning of this week. Coming to the last day of the week, the market decreased by a total of 101.61 points and the NEPSE index fell to a point of 2049.38 points. On the third trading day of this week, the market has increased by double digits. On Tuesday, the stock market index rose by 12.73 points to 2104.38 points.

Last week, even in the four days of trading, the share turnover of 23 billion two crore 83 lakh rupees has decreased this week. When NEPSE fell by a century, the turnover was also affected. This week, the turnover decreased to 17 billion 868 million rupees. It is 5 billion 16 billion rupees less business than last week.

This week, the capitalization of the securities market has decreased to 30 trillion 8 billion 72 billion 10 million rupees this week. Which is one trillion 41 billion less than last week.