Nepal Rastra Bank's circular in microfinance share prices highly fall down

Feb Fri 2023 04:15:02

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Nepal Rastra Bank's circular in microfinance share prices highly fall down

Kathmandu. On the last trading day of the week, today, Thursday, Nepal Stock Exchange (NEPSE) has seen a high decline. NEPSE, which has been falling since the beginning of today's trading, has closed with a decrease of more than 57 points.

NEPSE decreased by 57.74 points and closed at 222.64 points. Although there is a heavy decline in NEPSE, the transaction amount has exceeded two billion and there was a transaction worth 2.52 billion 2.7 million. Out of the companies traded today, the share price of 14 companies increased while the share price of 203 companies decreased. A company's share price is stable. Among these, the share price of most of the microfinance companies has fallen.

After the Nepal Rastra Bank on Wednesday tightened the credit expansion and also the dividend distribution, the share price of microfinance fell. Due to this tightening, the share price of 37 microfinance institutions has decreased by 10 percent, while the share price of 8 microfinance institutions has decreased by 9 percent.

Nepal Hydro Developers, Samling Power Company's share price has increased the most in the market which has decreased due to high numbers. Its share price has increased by more than 4 percent. Similarly, on the basis of transactions, the largest number of neighborhood microfinance financial institutions. Turnover 87 million only.