Stories Tagged 'Stock market'
The wildly fluctuating Nepse index does not give a correct picture of the economy
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Nepal Stock Exchange (Nepse) index slid by a marginal 0.15 points to close 1,220.29 points as investors remained upbeat following speculation that the government could address stock market issues through a white paper on the current economic situation of Nepal.
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Nepal Stock Exchange (Nepse) index surged 33.92 points to close at 1,424.95 points last week, as investors were buoyed by the formation of new government led by Prime Minister KP Sharma Oli.
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Nepal Stock Exchange (Nepse) index plunged 16.39 points to close at 1,520.15 points last week, as results of the provincial and parliamentary polls combined with the stockbrokers’ plan to protest shook investors’ confidence.
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News of possible blockade by India to Nepal affected the stock market on Tuesday, the first trading day after the new constitution was promulgated by constituent assembly as the capital market index nosedived by 39.94 points to 1156.08 points.
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Chinese stocks rallied on Thursday after the securities regulator banned shareholders with large stakes in listed firms from selling, in Beijing's most drastic step yet to stem a sell-off.
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