HIMALAYAN NEWS SERVICE
KATHMANDU: Nepse dropped to almost five-year low to 384.18 points today.
The day’s trading witnessed a drop by 4.08 points to 384.18 points due to low confidence of the investors, according to the president of Nepal Brokers’ Association Nanda Kishor Mundada.
The key propellers of the secondary market, Banking subgroup lost 6.22 points to close at 340.81 points, while development banks subgroup lost 2.89 points to close at 332.27 points to drag the Nepse down.
The market saw only 56,303-unit of shares changing the hands in a day’s trading to Rs 12.82 million.
Low return coupled with over supply of shares created more pressure on the market, he said, suggesting the Nepse to bring online trading that can be accessible from anywhere in the country to increase trading. “Now only few people can trade due to weak infrastructure,” he added.
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