The Nepal Stock Exchange (Nepse) slipped below 800 points on Tuesday on fear over disagreement on power sharing between the two largest political parties—Nepal Congress and CPN-UML.
The index, which rose on Monday following the announcement of the Sushil Koirala-led government, fell 6.58 points to close at 796.55 points. Narendra Raj Sijapati, president of Nepal Stockbrokers’ Association said the debate on portfolio distribution has affected the investors’ sentiments. Out of the nine trading groups, six witnessed fall in their indices.
Hotels group was the biggest loser of the day sliding by 18.41 points. It was followed by hydropower, ‘others’ and banking. However, finance companies gained a slight 0.96 point.
The capital market observed turnover of Rs 322.61 million, while the market capitalisation stood at Rs 810.96 billion. Nepse had to apply the circuit breaker twice on Monday as the Nepse index leapt by double digits due to feverish trading.
source:the kathmandu post,12 feb 2014
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The index, which rose on Monday following the announcement of the Sushil Koirala-led government, fell 6.58 points to close at 796.55 points. Narendra Raj Sijapati, president of Nepal Stockbrokers’ Association said the debate on portfolio distribution has affected the investors’ sentiments. Out of the nine trading groups, six witnessed fall in their indices.
Hotels group was the biggest loser of the day sliding by 18.41 points. It was followed by hydropower, ‘others’ and banking. However, finance companies gained a slight 0.96 point.
The capital market observed turnover of Rs 322.61 million, while the market capitalisation stood at Rs 810.96 billion. Nepse had to apply the circuit breaker twice on Monday as the Nepse index leapt by double digits due to feverish trading.
source:the kathmandu post,12 feb 2014
LINK
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