On Monday, while the share price of 78 companies increased, 167 companies decreased.
We use Google Cloud Translation Services. Google requires we provide the following disclaimer relating to use of this service:
This service may contain translations powered by Google. Google disclaims all warranties related to the translations, expressed or implied, including any warranties of accuracy, reliability, and any implied warranties of merchantability, fitness for a particular purpose, and noninfringement.
The NEPSE index, which measures stock trading, fell by about 14 and a half points on Monday, while the size of the securities (shares) market (total market capitalization) shrank by 24 billion. At the close of business on Monday, the total market capitalization stood at 44 trillion 1 billion 488 million rupees.
At the close of business on Sunday, such capitalization was 44 trillion 25 billion 65 billion 97 million rupees. It seems that the total market capitalization decreased by about 24.17 billion rupees on Monday alone. The total market capitalization is calculated by multiplying the total number of shares listed on the secondary market by the market price on the same day.
Out of the total number of companies traded on Monday, only 78 share prices increased while 167 decreased. The total market capitalization has decreased by 24 billion 17 million rupees in one day as there are more companies falling than increasing share prices and the rate of decline is also increasing.
On Monday, the NEPSE index fell by 14.53 points. Compared to the previous day, the overall NEPSE decreased by 0.54 percent to 2,600 and 47.07 points. NEPSE, which had increased by normal points last Thursday, closed with an increase of 3 and a half points on Sunday. However, NEPSE growth did not last even until Monday.
A stockbroker said that there is no political stability in the country, as there is increasing confusion about how long the government will last, the confidence of investors has not increased. The official said that the main thing needed for investment is confidence and now there is a shortage of that, so investors are not able to expand more investment.
On Monday, 23.6 million 89 thousand 71 shares were bought and sold in a total of 76 thousand 998 shares. On that day, along with the NEPSE index, the transaction amount also decreased. A transaction worth 8 billion 91 crore 28 lakh rupees has been made from the purchase and sale of those shares. Shares worth 10.87 billion 59 lakh rupees were traded on Sunday.
Out of the total 13 sub-groups, there was a double-digit decline in the overall NEPSE after the index of all except financial companies and business declined. On that day, finance companies increased by 34 points and business by 19.24 points. Manufacturing and processing, microfinance, hydropower, collective investment fund, life insurance, non-life insurance and others were among the sub-groups that declined.
Production and processing 39.08, microfinance 35.78, hydropower 26.53, life insurance 18.35 and non-life insurance decreased by 3.44 points, according to NEPSE. On Monday, when the share price of Nepal Micro Insurance Company increased by 10 percent, the transaction had to be controlled through a circuit breaker. On that day, the share price of Crest Micro Life Insurance increased by 9.99%, Madhya Bhotekoshi Jalvidyut 7.62%, Green Development 6.97% and NIMB Debenture 2090 by 5.91%. However, the share price of Saptakoshi Development Bank fell by 8.45, Universal Power Company by 4.80, Trishuli Hydropower Company by 4.79, Mandakini Hydropower by 4.33 and Shwetaganga Hydropower and Construction by 4.25 percent.
Ngadi Group Power, Radhi Vidyut Company, Universal Power Company, Hydro Electricity Investment and Development Company Promoter and Sanima My Hydropower Company were in the front line based on the transaction amount. According to NEPSE, shares worth 7094 million 71 thousand of Ngadi Group Power, 445 million 10 million of Radhi Electricity Company, 380 million 13 million of Universal Power Company, 35 million 36 million of Hydro Electricity Investment and Development Company Promoter and 33 million 75 million of Sanima Mai Hydropower have been bought and sold.
