Turnover of 11.5 billion rupees, increased by 1.06 percent to NEPSE 2760.80 points
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On the first trading day after the release of the monetary policy for the next financial year, the NEPSE index rose by 29 points. Out of the 13 sub-groups traded on this day, the index of 11 sub-groups increased except hydropower and investment. Among these, the double-digit growth was possible on Sunday after the indices of banking, development banks, finance companies, microfinance and collective investment fund sub-groups increased by a lot.
All these are banks and financial companies. Investors have flocked to this group after the arrangements made through monetary policy will increase the profits of banks and financial institutions and expand their business. Since the last three trading days, the NEPSE index, which measures stock trading, has continued to rise. On Sunday, NEPSE rose by one point zero 6 percent to 2760.80 points. NEPSE increased by 22.04 points last Wednesday and 25.89 points on Thursday.
On Sunday, the share price of 158 companies increased while the price of 90 companies decreased. Last Friday, Nepal Rastra Bank increased the limit of individual share mortgage loans in the monetary policy of the next financial year. This was expected to bring great excitement to the stock market. But that kind of enthusiasm was not seen in the market.
In 2 minutes after the market opened on Sunday, NEPSE reached 2997.58 points. But when NEPSE was closed, it remained at 2760.80 points. Shares worth 11 billion 41 crores have been traded out of a total of 1 lakh 5 thousand 415 transactions. On this day, the highest turnover has occurred since June 5. Shares worth 11.23 billion rupees were traded on June 5. A total of 3 crore 25 lakh 92 thousand shares were bought and sold.
Although the overall NEPSE index rose, hydropower, investment, non-life insurance other and business sub-groups declined. Investors have been attracted to microfinance and development banks. Microfinance rose by 173.22 points and Bikas Bank by 83.38 points. Banking increased by 49.09 points, finance by 46.74 points, hotel and tourism by 33.34 points and manufacturing and processing by 23.01 points. Non-life insurance fell by 43.04 points, hydropower by 29.62 points, business by 10.99 points and other sub-groups by 6.48 points. Shares of NIC Asia Bank and Khanikhola Hydropower rose by 10 percent. The share price of Jeevan Bikas Microfinance increased by 9.61%, NESDO Samriddhi Microfinance by 7.30% and Samaj Microfinance by 6.50%.
Himalayan Hydropower dropped by 9.33%, Rapti Hydro & General Construction by 7.34%, Bhagwati Hydropower by 6.93%, Panchkanya Mai Hydropower by 5.36% and Nyadi Hydropower by 4.71%. Investors in these companies lost the value of their assets. In terms of turnover, NIC Asia Bank, Butwal Power Company, NRN Infrastructure and Development, Sanima Bank and CEDB Holdings were ahead. NIC Asia Bank 371.4 million, Butwal Power Company 328.5 million, NRN Infrastructure and Development 285.3 million, Sanima Bank 251.8 million and CEDB Holdings 248.88 million.
The increase in NEPSE has increased the size of the stock market (total market capitalization) by 48 billion 798 million rupees. The total market capitalization which was Rs 45 trillion 51 billion 57 crore last Thursday increased to Rs 46 trillion 37 crore on Sunday. Total market capitalization is calculated by multiplying the total listed shares by the same day's share price. Increase in capitalization means increase in market value of listed shares. On this basis, when the capitalization increases, it is analyzed as the value of the investor's property increases.
