साताको शेयर बजार : लगानीकर्तामा विश्वासको खडेरी Nepal Stock Market Suffers Decline Amid Investor Uncertainty
नेपाल शेयर बजारले पुस महिनाको तेस्रो साता (पुस १४ देखि १८)मा ठूलो उतारचढाव सामना गर्यो। नेप्से परिसूचक ४४।८४ अंकले घट्दै साताको अन्त्यमा २५८६।२३ बिन्दुमा रोकिएको छ। यो गिरावट मुख्यतः नियामकीय कदम र लगानीकर्ताबीच फैलिएको अन्योलताका कारण देखिएको छ।
पुस १० गते राष्ट्र बैंकले कर्णाली विकास बैंकलाई समस्याग्रस्त घोषणा गर्दै व्यवस्थापन आफ्नो हातमा लिएपछि बजारमा नकारात्मक प्रभाव पर्यो। त्यसको भोलिपल्ट नेप्सेले उक्त बैंकलाई सूचीकरणबाट हटाएपछि शेयर बजारमा भय र अफवाह फैलियो। सामाजिक सञ्जालमा उच्च निष्क्रिय कर्जा भएका अन्य वित्तीय संस्थाहरूलाई पनि सूचीकरणबाट हटाउने हल्ला चलेपछि वित्तीय क्षेत्रको शेयरमा भारी बिक्री चाप देखियो।
फाइनान्स र विकास बैंक समूहमा भारी गिरावटले बजारलाई समग्र रूपमा कमजोर बनायो। आइतबार विकास बैंक समूह १४२।३५ अंकले घट्यो भने मङ्गलबार थप १४५।१० अंकले तल झर्यो। यसैगरी, फाइनान्स समूह आइतबार १३७।४६ अंकले र मङ्गलबार १५२।४४ अंकले घट्यो। यी दुई समूहको गिरावटले समग्र बजारलाई तान्यो।
साताभर कारोबार अपेक्षाकृत कमजोर रह्यो। चार दिनमा जम्मा १९ अर्ब ३५ करोड रुपैयाँ बराबरको कारोबार भयो, जसमा दैनिक औसत ४।८३ अर्ब रुपैयाँ मात्र रह्यो। २ लाख ३० हजार ८७३ पटकको कारोबारमा ४३।७९ लाख कित्ता शेयर किनबेच भयो।
आइतबार: बजार २१।१२ अंकले घट्दै २६०९।५८ बिन्दुमा पुगेको थियो। कारोबार रकम ५।४७ अर्ब रुपैयाँ।
मङ्गलबार: बजार ३३।०८ अंकले घटेर २५४५।३४ बिन्दुमा पुग्यो। कारोबार रकम ५।६७ अर्ब रुपैयाँ।
बुधबार: नेप्से ५।१० अंकले बढ्दै २५८१।६० बिन्दुमा पुगे पनि कारोबार घट्दै ३।५९ अर्ब रुपैयाँमा सीमित भयो।
बिहीबार: बजार ०।१७ प्रतिशतले बढ्दै २५८६।२३ बिन्दुमा पुग्यो। कारोबार रकम ४।६० अर्ब रुपैयाँ।
यस साताको गिरावटले नेपालको शेयर बजारको संवेदनशीलता र लगानीकर्ताको आत्मविश्वासको कमीलाई उजागर गरेको छ। कर्णाली विकास बैंकलाई सूचीकरणबाट हटाएको नियामकीय कदमले बजारमा भय सिर्जना गरेको थियो। सामाजिक सञ्जालमा फैलिएका अफवाहले थप नकारात्मक असर पुर्याएको देखिन्छ।
पुस मसान्तसम्म आयकर बुझाउनुपर्ने दबाब र वर्षको अन्त्यमा हुने वित्तीय विवरणका कारण पनि बजारमा बिक्रीमुखी दबाब देखिएको हो।
The Nepalese stock market witnessed a volatile third week of Poush (December 14 to 18), with the NEPSE index plummeting by 44.84 points, closing the week at 2586.23. The significant downturn was triggered by regulatory actions and compounded by investor anxiety, leading to a subdued trading week.
The decline in NEPSE was primarily influenced by the Nepal Rastra Bank's decision to declare Karnali Development Bank problematic on Poush 10, subsequently taking over its management. Following this, NEPSE delisted the bank on Poush 11, citing investor protection. This regulatory intervention spurred fears that other companies with high non-performing loans (NPL) might face similar action. Rumors about further delistings spread rapidly on social media, triggering panic selling, particularly in the Finance and Development Bank sectors.
The Development Bank and Finance sectors bore the brunt of the selling pressure. On Sunday, the Development Bank index fell by 142.35 points, followed by a further 145.10-point drop on Tuesday. The Finance sector mirrored this trend, losing 137.46 points on Sunday and 152.44 points on Tuesday. This sectoral weakness rippled across the broader market, amplifying declines.
Investor sentiment was further strained as speculative behavior overshadowed fundamentals. Gopal Katuwal, a market analyst, remarked, "Our market is highly reactive to rumors. Once key sectors like Finance and Development Banks show weakness, it triggers a cascading effect on the entire market."
The market saw limited enthusiasm among traders, with a total turnover of NPR 19.35 billion over four trading days, averaging NPR 4.83 billion per day. Approximately 43.79 million shares changed hands in 230,873 transactions. This subdued activity reflects the cautious approach adopted by investors in the face of uncertainty.
Sunday: The week started on a bearish note, with the NEPSE index falling by 21.12 points, closing at 2609.58. Transactions amounted to NPR 5.47 billion.
Tuesday: The index suffered its sharpest decline of the week, dropping 33.08 points to 2613.95. Turnover was NPR 5.67 billion.
Wednesday: A slight recovery saw the index gain 5.10 points, closing at 2581.60. However, trading activity weakened, with a turnover of NPR 3.59 billion.
Thursday: The market remained subdued, gaining only 0.17% to close at 2586.23. Transactions totaled NPR 4.60 billion.
The week’s decline highlights the sensitivity of Nepal's stock market to regulatory actions and speculative sentiment. The delisting of Karnali Development Bank served as a catalyst for widespread investor fear, overshadowing any positive developments. The exaggerated reaction to rumors about potential delistings suggests a lack of confidence and maturity in the market, where short-term speculation often overrides long-term investment perspectives.
