Out of the 224 companies that came into the business, their share prices increased while 28 companies decreased
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The NEPSE index, which measures stock trading, rose by 111.70 points to 2,623.62 points on Sunday. NEPSE, which fell by 160 points to its highest level last Thursday, has taken the path of growth on Sunday. Sunday's increase was 4.44 percent higher than the previous day.
Last Thursday, Nepsey traded for only four minutes. From the beginning, the NEPSE started falling from higher points, but negative circuit breakers were tripped three times.
Finally, after NEPSE increased by 6 percent, the trading was closed on the same day. The market was very volatile on Sunday as well. However, there was a steady rise from midday. Out of the 224 companies that traded on that day, the share prices of 28 companies increased and 28 companies decreased.
2032 thousand 224 shares were bought and sold in 1 lakh 8 thousand 908 transactions. A transaction worth 9 billion 17 crore 95 lakh rupees has been made in those purchases. The turnover has increased compared to the previous day.
Sunday's turnover is the highest since last July 26. On that day, shares worth 10.21 billion rupees were traded in NEPSE. Out of the 13 sub-sectors that traded on Sunday, all indices rose except mutual funds and non-life insurance. Only non-life insurance companies and mutual fund groups declined. The commercial and investment sub-groups grew the most at seven to eight percent.
On Sunday, the share price of 14 companies increased and circuit broke. According to NEPSE, prices of Sindhu Bikas Bank, Bhugol Energy Development Company, Goodwill Finance, Shivam Cement, Joshi Hydropower, Api Power, Ankhukhola Hydropower Company, Balefi Hydropower and Himal Dolakha Hydropower Company have increased by 10 percent. Similarly, the share price of Green Development Bank, Saptakoshi Development Bank, Himstar Energy, Upper Tamakoshi Hydropower and Corporate Development Bank increased by 9.98 percent.
Siddharth Premier Insurance fell the most on Sunday by 7.64 percent. On this day, Nepal Reinsurance Company's highest share turnover was 83 crore rupees.
6 points of suggestions of investors
Meanwhile, Governor Paudel has suggested 6 points of share investors for capital market reform. Three organizations of investors have suggested 6 points to Rashtra Bank Governor Vishwanath Paudel.
Share Investors Association Nepal, Capital Market Investors Association and Independent Capital Market Investors Association jointly suggested 6 points. According to this, it is suggested that banks and financial institutions should be allowed to buy and sell shares easily in the secondary market, the limit imposed on banks for investing in the stock market should be revised based on the primary capital fund, and the limit of 250 million placed on personal share mortgage loans should be removed.
There are suggestions that the dividend limit of up to 25 percent in microfinance financial institutions should be removed, such institutions should be made competitive, and the share mortgage loans given by banks and financial institutions should be made easier.
