On the first trading day of the week, NEPSE drops by 11.46 points and halts at 1926.28.
Similarly, the sensitive index also decreased by 2.10 points and stopped at 374.73 points.
Today, when 25,24,224 shares of 221 companies were traded, the total transaction amount reached 74,72,26,625 rupees. In today’s business, all sub-indices except others have decreased.
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.
The capital market is set to open on Friday after public holidays been added on sunday.
According to the Securities and Exchange Board, the regulatory body of the capital market, the capital market had been closed on Friday and Saturday before this. Even though the government has fixed two days of public holiday, the capital market will remain open for five days as before.
According to Board Chairman Ramesh Hamal, the capital market will be open for five days. Earlier it was closed on Friday and Saturday but now it will be closed on Saturday and Sunday.
Similarly, according to the chairman of the board Hamal, Nepalese in foreign employment will be allowed to fill ordinary share IPO from the next fiscal year. Hamal informed that a certain quota will be allocated for them.
Ramesh Hamal, chairman of the board, said that the report prepared by the government by forming a task force will be implemented after the report is passed by the cabinet.
Although the government has not been able to legalize the use of virtual currency, Nepal Rastra Bank is preparing to introduce digital currency in the domestic market.
Many countries have started issuing digital currency to facilitate seamless transfer of value with lower transaction costs. Speaking at an event on Wednesday, NRB Deputy Governor Bam Bahadur Mishra said the central bank was ready to replace the use of physical currency with virtual currency. As India prepares to launch a digital version of its currency by the end of March 2023, Nepal Rastra Bank appears keen to bring in digital currency.
NRB has formed a task force to study the feasibility of implementing digital currency in Nepal. A committee has also been formed under the coordination of Deputy Governor Mishra to give necessary suggestions regarding the use of digital currency.
NP
