Kathmandu, June 2
Following the budget release, the stock market has fallen for the fourth day in a row. The stock market, which had only dropped seven points the day before, fell much worse on Thursday. On Thursday, 12 of the 13 subgroups traded fell, except the mutual fund subgroup up 0.15 percent.
The Nepse index fell 18.26 points on Thursday, reaching 2112.47. The share prices of 149 of the 227 businesses traded fell, with a total transaction value of just Rs 1.16 billion. The stock prices of 39 firms increased, while the stock prices of six companies remained unchanged.
Balefi Hydro’s stock increased by 9.97 percent, while Mountain Energy and Upkar
Microfinance’s stock increased by an average of 4%.
On Thursday, firms such as Prabhu Life Insurance, Unnati Sahakarya Laghubitta, and Corporate Development Bank all suffered significant losses on the secondary market.
