With the approaching Dashain festival; the stock market is seeing a lack of trading fervor. After weekly trading resumed on Sunday, the NEPSE saw a fall of 2.89 points to close at 1536.92 points.
Out of the nine trading groups, four saw their indices turning red with the trading sector losing the most of 15.29 points. On the other hand, Hotel sector posted a gain of 37.64 points.
Stockbrokers have attributed the current fall to the lack of transactions in the market because of ongoing Dashain festival. “Majority of investors have taken a break from the market and are traveling,” said Raman Pant, Managing Director of Creative Securities, “The low level of transactions explains the lack of trading fervor in investors during festivals.”
As of Sunday, the market posted a total turnover of Rs 31.52 crore with 991,336 shares being traded.
Source: ShareSansar, September 24, 2017
