Nepse falls to 343.54 points amid protests against peace deal

KATHMANDU, Nov 4: 

Euphoria among the share investors following the historical peace deal couldn´t last long as Nepal Stock Exchange (Nepse) index fell 3.28 points to 343.54 points on Thursday, the last day of this week´s trading, in response to the strong protest against the pact by the Baidya faction of UCPN (Maoist). 

The benchmark Nepse, which indicates the sentiment of investors in stock market, had shot up by impressive 16.37 points to settle at 346.58 points on Wednesday.  

Share analysts said bullish trend in capital market couldn´t be retained for long time until the existing exorbitant interest rates set by banks don´t go down. They also said persisting confusion over the peace process has been keeping the investors away from the stock market.

On Thursday´s session, Nepse was dragged with sub-indices of majority of trading groups shifting to the red zone. Banking, the key trading group, lost its sub-index by 5.44 points to 300.98 points. Similarly, sub-indices of Hydropower and Finance groups also dropped by 5.77 and 1.2 points respectively to close at 614.27 and 274.26 points. 

However, Development Bank and Insurance groups reported that their sub-indices edged up marginally by 0.58 and 0.76 points respectively to reach 282.73 and 409.54 points. Total turnover was recorded at Rs 61.45 million with total 348,617 units of shares being traded through 1303 transactions.

Source: Republica