Investor's hair at Nepali equity market was falling thinner day by day as the market was following the bearish foot. However, green shot in last two sessions has triggered hope for positive shift but today's first hour session performed lackluster shedding full-size optimism to ground level.
The passive trade lost 0.68 points to 598.82 triggered by plummets in banking scrip like Standard Chartered (-0.56%) and Bank of Kathmandu (-1.56%). Moreover, the Nepse index is trading below 600 which is low for more than 27 months. Development bank (652.81, -0.70) sector is trading feeble while finance's (+0.73) positive note was boosted by price of Merchant Finance Co. Ltd. (Rs. 319, +6.69%).
Thinner volume of Rs. 3,229,896 from 5,824 shares traded in a dull first hour session. Investor's participation seems too weak at the last day before Tihar Holiday. Investor's psychology is much more concerned for Tihar rather than secondary trade. From tomorrow, new IPO of Miteri Development Bank will kicked off, has also sidelined many investors investment today for coming IPO.
Source: Jamb News Service
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Sunday, October 18, 2009
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