Kathmandu. The stock market has shown a red flag to the budget of the next financial year brought by Finance Minister Barshman Pun. The NEPSE index fell by 23.81 points on Wednesday, the day after the budget was introduced.
NEPSE has remained at 2089.42 points. After Finance Minister Pun did not introduce any program targeting the stock market, the effect of this is that NEPSE decreased when sellers dominated.
Although Finance Minister Pun said that he will take necessary steps to improve the stock market during his reinstatement in the third week of February, he has not brought any program to instill hope in the investors in the budget.
8 different sub-groups including commercial banks, development banks, etc. have come down to NEPSE. The index of commercial bank sub-group declined the most by 2.94 percent.
The indicators of 4 subgroups, including productive ones, have increased. The index of the manufacturing sub-group rose by 2.68 percent.
Investors of 191 companies lost in the market while investors of 56 companies gained. Investors of Buddhbhoomi Nepal Hydropower lost the most. The share price of this company has fallen by 9.41 percent.
Share prices of Unilever Nepal, Kalinchok Darshan, Upper Lohore Khola and Bhagwati Hydropower have taken a positive circuit. The share price of Unilever Nepal has reached 43 thousand 286 rupees per share.
Shares worth Rs 4.57 billion have been bought and sold in the market. Pokhara Finance has bought and sold the most shares. The shares of this company have been traded worth 195.2 million rupees.
