While shareholders of 148 companies benefited, shareholders of 103 companies suffered losses, and shareholders of 8 companies had neither profit nor loss.
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The Nepal Stock Exchange of Nepal (NEPSE) index, which measures share trading, rose by about 10 points on Tuesday. The NEPSE, which closed at 2,639.37 points on Monday, rose by 28.73 points on Tuesday to 2,649.30 points. The NEPSE rose by 0.37 percent on Tuesday compared to the previous day.
For the past few months, NEPSE has not been able to set a clear direction. However, there has been a good improvement in NEPSE in the last two days.
For the past few weeks, NEPSE has fallen on most days and increased on only a few days. Brokers say that investors are not enthusiastic about investing more due to the political instability in the country.
The government (fiscal policy) and the Nepal Rastra Bank (monetary policy) have been favorable to the stock market since the current fiscal year. However, its positive impact has not been seen in the stock market. Experts say that since the overall economy is not moving, its impact has also been seen in the stock market. Investable funds have been piled up in banks and financial institutions.
Interest rates are at their lowest level yet. But demand for loans has not increased. They say that investors are afraid to expand their investments in the stock market due to the lack of enthusiasm in other sectors of the economy. ‘Share investors are in a wait-and-see situation,’ said a broker. ‘Will there be elections at the scheduled time? What will the situation be like with political instability?’ Investors are in a wait-and-see mode.'
Of the companies that were traded on that day, the share price of 148 increased, 103 decreased and 8 companies remained stable. On Tuesday, the share price of Jeevan Bikash Laghubitta Bittiya Sanstha increased the most by 9.97 percent.
The share price of Three Star Hydropower also increased by 9.54 percent. The share price of 148 companies including Jeevan Bikash and Three Star increased. The share price of Ruru Hydropower Project, which increased by 10 percent on Monday, decreased the most by 8.41 percent on Tuesday. Along with this, shareholders of 103 companies suffered losses on Tuesday.
After the share price of these companies fell, the value of investors' assets decreased. Although there was no change in the share price of eight companies.
On Tuesday, 88,362 shares were bought and sold in the secondary market. In which 14,831,241 shares were bought and sold. A turnover of Rs 7.12 billion 33 million was generated in these purchases. The trading volume increased compared to the previous day. On Monday, a trade of Rs 6.47 billion 3.7 million was done in the stock market.
Of the 13 subgroups that were traded on that day, hotels and tourism and manufacturing and processing decreased slightly. The indices of all the remaining subgroups increased. The index of the hotels and tourism subgroup remained negative by 0.23 percent and that of manufacturing and processing by 0.51 percent. After the indices of the remaining 11 subgroups increased, the overall NEPSE increased by almost double digits. The index of the finance companies subgroup increased the most by 2.87 percent on that day.
