Nepal Breaking NewsNepal Stock ExchangeShares fell sharply after the ease of prohibitory order when the transaction...

Shares fell sharply after the ease of prohibitory order when the transaction amount limited to Rs 4.5 billion

Must Read
spot_img

Since Tuesday, the government has relaxed the prohibition order in all but a few areas. The shops will be open from 8 a.m. to 6 p.m. Some restaurants will stay open until 7 p.m.

The common effect of the opening of all sectors has seen in the . On April 30, the government issued a nationwide prohibitory order. As demand increased, all investment sectors came to a halt. People had free time as well.

In addition, the number of new entrants looking to invest in the stock market in their spare time has increased. Similarly, when other areas of investment were closed, investment in shares increased. As a result, by the third week of May, daily turnover had risen to approximately Rs 20 billion.

This month, long-term investors and stock market participants began taking profits as well. The stock market’s activity decreased as the prohibitory order was relaxed.

The government has reopened all but a few areas, including shops, businesses, and transportation, since Tuesday. As in the past, the transaction amount was limited to Rs 4.5 billion following the opening of all sectors.

On Tuesday, the New York Stock Exchange’s (NEPSE) stock index fell 5.24 points.

The had fallen 0.19 by the end of the day, closing at 2818.08 points.

On Tuesday, the Sensitive Index fell 1.97 points to 526.75. Only five of the 13 subgroups traded on the day rose, while the other eight declined.

On the day, 1 crore 1 lakh 35 thousand 219 shares of 220 companies were bought and sold, resulting in a turnover of Rs 4,224,018,255.

Similarly, Rastriya Beema Limited’s share price has risen by 8.5 percent today. Mountain Energy Nepal Limited’s stock price has risen by 5%.

You May Also Like:

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest

Is Pi Coin / Pi Network the next huge thing in Crypto World?

Money has evolved and changed shape over time. Today, digital currencies are best suited to the needs of the...

More Articles Like This