The NEPSE index rose by 75.24 points on Sunday
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On the first day of weekly trading, the NEPSE index rose by 75.24 points on Sunday. After increasing by 2.67 percent compared to last Thursday, the overall NEPSE rose to 2,890.28 points. Sunday's increase was the highest in five months.
Earlier on 081 Oct 15, NEPSE increased by 114 points on the same day. NEPSE, which increased by 49 points last Thursday, repeated the same trend on Sunday.
Last week, Nepal Rastra Bank, through the semi-annual review of monetary policy, has reduced the loss provision made by banks and financial institutions for good loans from 1.10 percent to 1 percent. Similarly, the bank has arranged to keep up to 20 percent of the primary capital in foreign currency (non-deliverable forward) and invest abroad. Previously, only up to 15 percent of primary capital was allowed to keep foreign currency and invest abroad. Experts say that this arrangement will help increase the profit of the bank, so the interest of investors in the shares of commercial banks, development banks and finance companies has increased.
According to the former chairman of Stock Brokers Association, Narendraraj Sijapati, the investors are attracted to the shares of those companies because the arrangements made by the National Bank through the review of monetary policy are likely to increase the profits of banks and financial institutions. "It seems that the monetary policy will increase the profit of the bank and raise the limit of bad loans from 5 percent to 8 percent, which has a positive effect on the market," he said. Now there is an indication that it is the turn of banks and financial institutions to increase share prices.'
On Sunday, the share price of 196 companies increased, 44 companies decreased and the remaining 4 companies remained stable. 2 crore 91 lakh 66 thousand 656 shares were bought and sold in 1 lakh 39 thousand 596 transactions. Shares worth about 14 billion 25 million rupees have been traded in those purchases. Sunday's turnover is the highest in the last 6 months. Earlier on August 11, 081, shares worth 18 billion 46 crores were traded.
Out of the 13 sub-groups that came into trading on Sunday, the overall NEPSE increased by higher points after the index of all except collective investment funds increased. On Sunday, the indices of subgroups including banks and financial institutions, hotels and tourism, life insurance, production and processing, and non-life insurance increased by a few more compared to other indices.
Likewise, a new record has been set in terms of the size of the stock market (total market capitalization). On Sunday, the total market capitalization remained at 47 trillion 99 billion rupees. This is the highest in almost 6 and a half months. Earlier, on July 31, the total market capitalization was 47 trillion 65 billion rupees. The total market capitalization is calculated by multiplying the number of shares (shares) listed in the Nepal Stock Exchange by the market price of the same day. Sunday's capitalization has set a new record so far. During this period, the total market capitalization has set a new record due to new companies being listed, rights and bonus shares of listed companies being added and the share price of companies with many shares increasing.
