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Stock Market

Nepse drops slightly after continuous surge

On Monday, all 13 trading groups posted gains, but things appeared to be changing on Tuesday afternoon.

Nepal Minute 26/07/2022 at 11:20 AM

https://www.nepalminute.com/uploads/posts/Gallery Image1658819468.png — Nepal Stock Exchange (Nepse)

As trading continued, Nepal Stock Exchange (Nepse) dropped slightly on Tuesday. As of wriitng this piece, Nepse was down 28 points.

Earlier, however, it continued its upward momentum with the benchmark on Monday surging by 54.45 points. The relaxation of margin loans provision has made the market buoyant, inducing investors to purchase more shares.

The secondary market has gained over 115 points after Nepal Rastra Bank (NRB) unveiled its new monetary policy on Friday. The daily turnover also jumped to Rs 4.10 billion, up from Rs 2.73 billion on Sunday.

On Monday, all 13 trading groups posted gains.

The price of seven companies hit a positive circuit (10 percent price rise) on Monday.

Shivam Cements recorded the largest transaction of Rs 152.92 million among individual companies.

See screenshot of Nepse's Live Market on Tuesday afternoon:

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