As the NEPSE closed with a double-digit increase on Thursday, investors were expecting the NEPSE to rise from Sunday as well, but the market showed a movement contrary to expectations.
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On the first day of weekly trading, the NEPSE index fell by 21.63 points on Sunday. After decreasing by 0.79 percent compared to last Thursday, the overall NEPSE has dropped to 2,714.85 points.
Last Thursday, NEPSE rose by 17.28 points after falling continuously for the previous seven trading days. As the NEPSE closed with a double-digit increase on Thursday, investors were hoping for a rise in the NEPSE from Sunday as well. But the market showed a movement contrary to expectations.
The share price of 32 companies that were traded on that day increased, 206 companies decreased and the remaining 6 companies remained stable. 1 crore 39 lakh 74 thousand 452 shares were bought and sold in 79 thousand 31 transactions. Shares worth about 6 billion 836 million rupees have been traded in those purchases. Compared to the previous trading day, the trading amount on Sunday has also decreased. Shares worth 8 billion 235 million rupees were traded last Thursday.
After the index of all of the 13 sub-groups that came into the business, except for business, the overall NEPSE declined by a high point on Sunday. On the day, the index of the business sub-group rose by 4.92 percent, while the development bank index fell by 2.25 percent and investment by 1.72 percent. Indices of finance companies, hydropower, life insurance and other sub-groups fell by more than one percent. According to NEPSE, the remaining banking, hotel and tourism, manufacturing and processing, microfinance, collective investment fund and non-life insurance sub-groups declined by less than one percent.
Although the NEPSE index has decreased, the size of the stock market (total market capitalization) has also been limited to 45 trillion 7 billion rupees. This is about 36 billion less than last Thursday. Last Thursday, the total market capitalization was 45 trillion 43 billion 81 billion rupees. This shows that the value of the investor's assets decreased by about 36 billion rupees in one day.
The stock market improved for a few days through the semi-annual review of monetary policy. But that improvement didn't last long and the market continued to decline. Experts say that the stock market is not growing when interest rates are falling and other areas of investment are not improving as expected.
