On Thursday, the stock market saw the lowest turnover in six months. The market saw a turnover of Rs 2.93 billion on Thursday. On 2082 Kartik 9, the market saw a turnover of less than Rs 3 billion for the first time. On 2082 Kartik 9, the market saw a turnover of Rs 2.36 billion.
However, on the previous Phagun 25, the market saw a turnover of Rs 54 crore. But on that day, the market closed early due to a 6 percent increase, resulting in lower turnover. On that day, the circuit breaker was triggered, and the market was open for only a few minutes. On the first day of the new government, there was great enthusiasm in the market. The circuit breaker had to be applied to stop the growth. Daily turnover also reached Rs 21 billion. But on Thursday, the turnover was very low. The market has not been able to show a clear trend for some time. The NEPSE is currently searching for a base at 2,700 points. But due to the lack of confidence among investors, the market turnover has been decreasing.
Investor Tara Prasad Fulel says that the lack of confidence in the government is also why the market lacks confidence. He said, "The government has not been able to assure investors. The bank's interest rate is so low. The decrease in turnover despite the liquidity also gives the same signal." Although investors had a desperate mindset earlier due to the government's actions, Fulel says they are now in a waiting and watching state.
Now, investors are waiting to see how the stock market will be addressed in the upcoming budget, Fulel said. Stockbroker Santosh Mainali also says that investors are now thinking of making investment strategies after the budget.
"The perception of investors towards the government is not clear," Mainali said. "This time the government is also new. The budget may also come in a different way than traditional. That's why investors are curious about what kind of budget will come." Investors are also waiting to see the budget because it will show the government's attitude towards the private sector in a policy manner.
What is the state of the market? Although the market saw high sales pressure for some time, the 14-day RSI indicator shows that it is improving. On Wednesday, it was at 10 on the ISI scale. The RSI scale ranges from 0 to 100. On Thursday, the NEPSE scale is at 16. When it is between 0 and 30, it indicates high sales in the market, between 30 and 70 it is balanced, and between 70 and 80 it indicates high buying. The current NEPSE RSI scale has improved from its low of 10 points. But the market seems to be in a normal fluctuation trend for some time.
