Nepse index continues to drop
As the international share prices sees a massive fluctuation this week, the internal share market also saw an unexpected fall on Monday.
The total share trading at the Nepal Stock Exchange (Nepse) on Monday fell by around Rs 2 billion. The fall in share prices of most companies is the highest recorded in the last three months. 20 out of 41 companies saw drop in their share prices Monday.
The Nepse that crossed 500 points some three months ago reached 498.26 on Monday, negative by 7.11 points compared to the index recorded when the market closed last week. Similarly the sensitive index dropped by 2.2 to reach 123.93. The average prices of the banking group fell by around 10.69 points.
The Nabil Bank share prices saw the highest drop by Rs 213 from Rs 3,318 to Rs 3,105.
The fluctuating share prices in the internal market began falling from the first week of February.
Though share prices in the internal market was affected by the growing political instability, the fall in the share trading in the international market also has some impact. On Monday, the Tokyo share trading dropped by 576.68 points to reach the lowest level in the last two months. The share markets in Mumbai, London, Beijing, Paris and major cities around the world saw drop in the share prices last week.
The fall was opposite to the forecast of share analysts that international share market would see stability this week. nepalnews.com ia Mar 06 07
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