Stock market continues to fall
Useful Links
» A new way to read online, exact replica of your daily and magazine
» For all you tweety fans out there!
» Allows you to find only those news from any date you choose!
» Search any news/ articles by author/ category/ date/ keyword
KATHMANDU, JAN 06 - The Nepal Stock Exchange continued to decline on Tuesday falling by 3.94 points. The secondary market has been sliding since the new year. The NEPSE index settled at 536.18 points when trading closed.
All the sub-indices fell on Tuesday. The banking sector was the highest loser on the floor as it shed 6.38 points followed by the hydropower sector, which fell 3.09 points. Development bank sector went down by 0.93 point.
Stock analysts point out liquidity crunch as a major factor for the continued fall of the secondary market. "Liquidity crunch has adversely affected demand for shares," said stockbroker Jagadish Agrawal.
According to stock analysts, since commercial banks have already distributed benefits such as cash dividend, bonus shares
and rights shares, buyers have no interest in purchasing shares of financial institutions.
Posted on: 2010-01-06 02:17
Post Your Comment