Share prices of 124 companies fell even as NEPSE increased

After three months, the NEPSE, which fell below 2600 on Sunday, closed at the same point again on Monday

Ashad 10, 2082

Kantipur Reporter

Share prices of 124 companies fell even as NEPSE increased

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The NEPSE, which had fallen continuously for the previous four trading days, rose by nearly 5 points on Monday. Despite the increase in NEPSE, the share price of 124 companies has decreased.

Among them, the share price of Gurans Microfinance Financial Institution decreased the most. After the company's share price fell by 10 percent, NEPSE installed a circuit breaker for control. However, on Monday only, the share price of this company decreased by 238 rupees.

The share price of this company, which was Rs 2,382 per share the previous day, fell to Rs 2,144 on Monday. There is no definite reason why the share price of this company has fallen by so much. But brokers say that the pressure of selling shares of this company is increasing in recent days. It is said that the share price of this company has decreased because some investors want to book profits. Among the companies whose share prices fell after Gurans Microfinance are Pure Energy, Dordi Khola, Saptakoshi Bikas Bank, Bottlers Nepal (Balaju) and others. The rate of decline in the shares of these companies is low.

On Monday, 123 shares of companies traded in the secondary market increased and one remained stable. Among them, Joshi Hydropower Development Company has the highest share price increase. The share price of this company increased by Rs 34 (9.98 percent). This company is distributing right shares at the ratio of 1:0.65. For that, the last date of 'book close' has ended only on Sunday. Investors who buy shares on Monday will not get the right shares. However, the investor's interest in the share price of this company has increased due to the hope of getting the rightful shares, experts say. Along with Joshi, share prices of Panchkanya Mai Hydropower, Varun Hydropower, Panchthar Power Company, Radhi Vidyut also increased, NEPSE said.

The NEPSE index, which measures stock trading, rose by 4.78 points on Monday. After becoming positive by 0.18 points compared to the previous day, the overall NEPSE closed at 2,676 points. The NEPSE, which has been falling continuously for the previous four trading days, saw an improvement of about five points on Monday. From last Tuesday to Sunday, NEPSE had continuously decreased. On Monday, the NEPSE increased by normal points, but the trading volume decreased. The lack of trading even when the NEPSE increases is analyzed as a situation where the market growth is not supported by trading. 

After falling by about 33 points on Sunday, the overall NEPS fell below 2600. This is the lowest in the last three months. However, on Monday, the NEPSE increased by about five points and closed again at 2600 points. 

Looking at the trend of the market, it seems that the stock market is currently testing 2600 points. Because it tries to go down time and time again, it will come up again,' said a stock broker, 'Now, as investors are in a wait and see situation in the market, there is no possibility of improvement or decline of the high NEPSE score for a few days.' "Compared to the former governors, the newly appointed governor Vishwanath Paudel has been generous towards the stock market," said the official, "The direction of the stock market will be determined based on what policy he adopts towards the stock market in his first monetary policy." On Monday, 1.75 million 87 thousand 36 shares were bought and sold in 70 thousand 831 times of stock trading. Shares worth 6.47 billion 1.9 million have been traded in those purchases. The turnover has decreased compared to the previous day. Shares worth 9 billion 145 million rupees were traded on Sunday. 

Among the 13 subgroups traded on Monday, indices of development bank, life insurance, manufacturing and processing, collective investment fund, non-life insurance and others fell. According to NEPSE, the indices of the remaining seven subgroups have increased.

Kantipur

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