KATHMANDU, March 30: At a time when bank and financial institutions (BFIs) are fretting about the slow growth of deposits in banking system, the stock market is observing high transaction volume.
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Though the benchmark Nepal Stock Exchange (Nepse) index fell 22.33 points after a wild ride on Tuesday, the daily turnover doubled to Rs 2.55 billion when 5.05 million units of shares of 149 companies changed hands through 14,596 transactions.
“Many investors maintain cash cushion while short-term investors are also pouring their money into the market that is rising. Similarly, the money stuck in mega FPOs is also coming to the market,” Anjan Raj Poudyal, former president of Stock Brokers Association of Nepal, said.
