The Finance Bill's decision to increase the CGT by 2.5 percentage points deeply disappointed investors, who had long been lobbying for the tax to be declared final. This policy shift triggered a sell-off, pulling down both the benchmark index and daily turnover.
On Monday, the NEPSE index decreased by 26.72 points to close at 2,755.37 points. Likewise, the Sensitive Index decreased by 4.78 points, while the Float Index decreased by 1.46 points and the Sensitive Float Index decreased by 1.17 points.
Along with NEPSE, the transaction amount has also decreased. A total of 133,803,000 shares worth Rs 5.61 billion were traded in 63,719 trades on the day.
Despite the fall in the NEPSE index, the shares of two companies were traded at the positive circuit level on this day. Share price of Kalinchowk Hydropower and Nepal Reinsurance Company were traded in the positive circuit level today. Meanwhile, share price of Bungal Hydro fell by 13.20 percent on the day.
On the basis of turnover, Ankhu Khola Hydropower Company topped the list on the day. Stock worth Rs 43.04 crore of Ankhu Khola were traded on the day. Similarly, turnover of Nepal Reinsurance Company stood at Rs 370 million while Himalayan Reinsurance Company traded Rs 250 million on the day.
Out of 13 sub-groups, the indices of 11 sub-groups have decreased while the indices of two sub-groups have decreased. The index of other sub-groups increased the most by 3.36 percent on the day. Similarly, the indices of non-life insurance sub-group have increased by 1.5 percent. The trading sub-group index fell the most by 6.14 percent on the day. Likewise, the indices of hotel and tourism, hydropower, investment and manufacturing and processing sub-groups decreased by more than 1 percent each.
