Nepse loses over 76 points over the week

The capital market experienced a huge slump this week as investors sold their shares in large numbers due to government's decision to float the biggest ever volume of shares of Nepal Telecom (NT) and its ban on margin lending (loan against shares).

Owing to the selling pressure at the Nepse floor, the index swooped down by 76.07 points to 905.36 points over the week. Last week the stock market had lost few points to remain at 981.43 points.

The major market leaders like Hydropower, Commercial banks, Development banks and Insurance groups ended into negative territory with 99.09 points, 87.39 points, 83.73 points and 56.65 points drop from Sunday, the first day of transaction.

However, the total transaction recorded a little over Rs 310 million as against last week's Rs 1.41 billion. Among the total transaction, companies under the 'A' category held only 44.22 per cent. nepalnews.com ag Jan 20 08

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