The Nepal Stock Exchange has been breaking records at a frequent pace in the past couple of weeks. Even when the economy has come to a standstill due to the prohibitory orders imposed across the country it does not seem to have affected the sole secondary market of the country.
Today too the share market broke another record with daily turnover standing at more than Rs 14.5 billion.
On Tuesday, Nepal Rastra Bank (NRB) had issued a directive forbidding banks and financial institutions (BFIs) from purchasing shares of microfinance companies. Moreover, the central bank has also directed BFIs to hold on to shares of any other company that they buy for at least one year. After this directive from NRB many people had assumed that transactions in the share market would decline. However, nothing of that sort has happened.
Today the benchmark index closed at 2815.25 points. Meanwhile, the sensitive index dropped by 0.28 point to land at 503.70 points and the float index declined by 0.26 point to rest at 193.42 points.
As expected the microfinance subgroup was the biggest loser today falling by 3.41 per cent or 191.69 points to 5,435.05 points. Meanwhile, the highest gainer today was the trading sub-index which increased by 6.72 per cent or 281.53 points to 4,469.29 points.
READ ALSO:
1672397318_680.jpg)
