NEPSE Index Falls by 16.54 Points Amidst Share Transfer Fee Concerns

Kathmandu. The NEPSE index closed down on the first trading day of the week. On Monday, the NEPSE index fell by 16.54 points to 2,632.96 points.

The market could not grow due to the proposal in the draft of the 'Company Act, 2083' to be brought by the Ministry of Industry, Commerce and Supplies, which imposes a 1 percent transfer fee on share transfers exceeding 2.5 million rupees.

Capital market investors appear to be in turmoil and uncertainty due to the expectation of an additional 1 percent burden on share transfers exceeding 2.5 million rupees. Investors had protested this provision from all sides.

Similarly, on Monday, the sensitive index decreased by 1.84 points, while the float index decreased by 1.02 points and the sensitive float index decreased by 0.58 points. Similarly, along with NEPSE, the trading volume also decreased. Shares of 7.699 million units of 351 companies were bought and sold worth 2.671832 billion rupees.

Last Friday, shares worth 3.94 billion rupees were bought and sold. On Monday, the indices of all 13 sub-groups decreased. Among them, the index of the non-life insurance sub-group decreased by 1.39 percent. Similarly, the indices of the finance, hotel and tourism, and production and processing sub-groups decreased by more than 1 percent.

Although the market decreased by 16.54 points, the shares of four stocks traded at a positive circuit level. The shares of Taksar Pikhua Khola Hydropower, Yambaling Hydropower, Snow River, and Dhaulagiri Laghubitta Bittiya Sanstha traded at a positive circuit level. However, the shares of Swabhiman Laghubitta Bittiya Sanstha decreased by 5.83 percent.

Based on transaction amount, shares of Global IME Bank worth 88.362 million rupees were traded.