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Kathmandu, Nepal, October 18, 2021: The Nepal Stock Exchange (NEPSE) index has dropped by 69.51 points and closed at 2,587.45 points on Monday. Likewise, the Sensitive Index that measures the trading activity of the companies classified as class A has also declined by 12.43 points.
The index opened at 2,656.03 points had touched 2,582.70 points before closing at 2,587.45 points. On the first trading day on Sunday opened after Dashain festival, the NEPSE had gained 17.59 points leaving a hope that the NEPSE index would not drop further.
The massive decline of NEPSE is taken as an impact of the commercial bank’s decision to keep unchanged the interest rates, which was already increased in the pretext of liquidity crunch. The Commercial Banks have unveiled the interest rates rate profile for the month of Kartik without making any change with the interest rates unveiled for the previous month, Asoj.
During the four hours long trading hours, a total of 8,776,337 shares were traded amounting of Rs. 2.96 Arba in the turnover amount. 218 scrips were traded via 40,401 transactions on Monday. On Sunday, the turnover amount was limited to Rs. 1.41 Arba.
Nabil Bank Limited (NABIL) has made the highest turnover of Rs. 9.89 crores to close at a market price of Rs. 1,468 per share while the units of Global IME Samunnat Scheme 1 (GIMES1) were traded the most on Monday.
NIC Asia Debenture 2082/83 (NICAD8283) gained the most 2 percent while Ghalemdi Hydro Limited (GHL) lost the most 10 percent. All the sectors except Trading remained red. Finance sector lost the most by 4.26 percent.
