Kathmandu, July 13 -- For Nepal's stock market investors, the installation of a new government was expected to usher in a new era of confidence.

A government led by the Rastriya Swatantra Party (RSP) with a near two-thirds majority was expected to bring political stability, clearer policies and renewed investor confidence. Instead, the market has moved in the opposite direction.

In the 106 days since the RSP took office, Nepal's stock market has delivered more disappointment than hope.

Of the 73 trading days during this period, the Nepal Stock Exchange (Nepse) index declined on 47 days and gained on only 26 days. Over the period, the market lost over 380 points.

On Monday, the market broke the strong support level of around 2,580 poin...