Three applications received for new stock exchange and four for commodity exchange

Kathmandu, April 24: The Nepal Securities Board has received three applications for the operation of the new stock exchange market and four applications for opening the commodity exchange market.

According to Sebon, Himalaya Stock Exchange, National Stock Exchange and Annapurna Stock Exchange have applied for the approval of the regulator to start stock exchange business.

Similarly, Nepal Multi Commodity Exchange, Himalayan Commodity and Derivative Exchange, Multi Assets Derivative Exchange and Multi Derivative Exchange are willing to operate the commodity exchange market.

Although the stock exchange will be a parallel institution with the existing Nepal Stock Exchange (NEPSE), the commodity exchange market will be the first and new institution within the country.

A double-digit decline in the stock market

On the second trading day of the week, today NEPSE decreased by 17.68 and closed down at 2106.15. Similarly, the sensitive index also decreased by 3.44 and stopped at 406.11 points.

Today, 65,27,414 shares of 214 companies were traded, and the total transaction amount reached 2,857,072,961 rupees. In today’s business, all other sub-indices except the Manufacture & production and Mutual funds have decreased. Today, Gurans Microfinance and Himalayan Hydropower managed to trade on a positive circuit level.

Share market fall for second day in a row

The share market has declined for the second day in a row after the budget of FY 2079/80. The market, which had declined by 35.53 points today, has stopped falling at 2137.92 points. The market had declined by more than 50 points on the first day after the budget.

While 37,69,812 shares of 229 companies were traded, the share amount has shrunk to 1,317,699,090.