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The NEPSE index, which measures stock trading, fell by 7.94 points on Wednesday. Compared to the previous day, the overall NEPSE decreased by 0.29 percent and closed at 2,669.51 points. Last Tuesday, NEPSE closed with an increase of 49 points.
The NEPSE rose to a higher level on Tuesday as the appointment of a new governor was seen as adding to investor enthusiasm. However, that increase did not last until Wednesday. In terms of total market capitalization, the share of banks and financial institutions is still high in the secondary market.
Therefore, the stock market is directly affected by the general decisions and instructions of the Rashtra Bank. On Wednesday, the stock market rose to a high in the first five minutes after opening. However, after that the increase was not sustained and closed down by around 8 points throughout the trading period.
The government was unable to appoint a governor for a long time due to the tussle between the ruling coalition parties. Finally, the government has appointed Vishwanath Poudel as the vacant governor post of Rashtra Bank for 44 days. Governor Paudel has said that he will work to increase the confidence of investors in the stock market. I work through direct communication with all stakeholders. I will work to strengthen the morale of investors in the capital market,' he said, 'I want the contribution of the capital market to reach the overall economy.' 23 million 26 thousand 245 shares were bought and sold in 88 thousand 121 times of share trading. A transaction worth 10 billion 69 million 86 million rupees has been made in those purchases.
The transaction amount has increased compared to the previous day. Shares worth Rs 7 billion 31 crore were traded in the stock market last Tuesday. Among the 13 sub-sectors that came into trading on Sunday, the indices of banking, development banks and collective investment funds rose. According to NEPSE, the index of the rest of the subgroups has decreased.
