Nepse misleads

KATHMANDU: Nepse misleads. It does not include Sunday’s index when it calculates from Sunday’s closing to next Friday’s opening. Sunday being the first day should be included in the index calculation for correct data. This week, the index plunged 16 points to 700.16 points from Sunday’’s 716.01 points. But according to Nepse, it dropped by only 4.70 points because Nepse did not calculate the drop of Sunday’s 11.30 points from the opening of Sunday morning’s 716.01 points. Nepse said that the transaction was calculated from Friday (July 31) to Tuesday (August 4) as the stock market remained closed on Wednesday and Thursday which were public holidays. But Nepse did not — as always — calculate Sunday’s trading points and calculated only two days — Monday and Tuesday — and gave totally erronoeus figures. Since its inception, Nepse has been misleading people. — HNS