Kathmandu, August 15
Despite Nepal’s share market going down, a new record has been made on Sunday as NEPSE’s daily turnover stood at Rs 21.6 billion, the highest it’s ever been.
NEPSE’s spokesperson Mura Hari Parajuli confirmed that the previous record, which was Rs 19.5 billion, was broken on Sunday.
Experts say that the rise in the daily turnover was an effect of the monetary policy announced by Nepal Rastra Bank on Friday where the central bank decided not to change the lending percentage for margin lending. According to the policy, an entity or individual can only take margin loans up to Rs 40 million from one financial institution and Rs 120 million in total.
NEPSE’s index however went down on the first working day after the policy was announced. It had gone up for a while but ended at 3,154.03, 24.88 points less than what it was at the start of the day.
Apart from microfinance and manufacturing and production, all other sub index’s went down.