Of the companies traded, 34 increased their share prices, 220 decreased their share prices, and the remaining 7 remained stable.
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The Nepal Stock Exchange (NEPSE) index, which measures share trading, closed down by 27.59 points on Sunday. The NEPSE, which closed at 2,642.15 points last Tuesday, fell by about 21 points.
The overall NEPSE closed at 2,614.55 points after falling by 1.04 percent compared to the previous day. Last week, the stock market was open for only two days, Monday and Tuesday, due to a public holiday. The NEPSE fell on both those days.
The previous week also had five trading days, but the NEPSE rose on only one day and fell on four days. Thus, the NEPSE has been falling on most days of the last week. Although the market has increased on a few days as an exception, the growth rate is very low. As the upcoming election approaches, the rate of decline in the stock market is increasing.
This has led to the stock market analyzing the upcoming election as something the stock market cannot believe. Which party will become the largest after the election? Under whose leadership will the government be formed? And, as there is uncertainty about what that party's perception of the stock market will be, investors are in a wait-and-see mode, says a stock broker.
Of the companies that traded on Sunday, the share prices of 34 companies increased, the prices of 220 companies decreased, and the remaining 7 companies remained stable. Even in a market that has fallen sharply, the wealth of shareholders of Salpa Bikas Bank has increased by 10 percent. It has been analyzed that after the share price of this company increased by 10 percent, the value of the shareholders' wealth has also increased.
Along with this, shareholders of 34 companies have earned profits on Sunday. But the value of the shareholders of 220 companies has decreased on that day. Among them, the share price of Buddhabhumi Nepal Hydropower has increased by 8.92, the share price of Reedy Power Company by 8.33 and the share price of Aankhukhola Hydropower Company by 8.28 percent. Along with this, the value of the shareholders of 220 companies has decreased. Shareholders of seven companies have neither profit nor loss.
On this day, 15,989,430 shares were bought and sold in a total of 72,104 share transactions. Shares worth Rs 6.69 billion 9.7 million were traded in those transactions. The transaction amount has decreased compared to the previous trading day. Last Tuesday, the stock market saw a turnover of 8.36 billion 44 million rupees.
After all the indices of the 13 subgroups that were traded on Sunday declined, the overall NEPSE came under pressure to decline by a high number. Of these, the banking subgroup index decreased by 0.52, development banks by 1.41, finance companies by 0.56, hotels and tourism by 1.09, hydropower by 1.81, investment by 0.94, life insurance by 0.73, production and processing by 1.02, microfinance by 0.48, collective investment funds by 0.22, non-life insurance by 0.42, others by 0.85, and the trade subgroup index decreased by 3.61 percent, according to NEPSE data.
On Sunday, the size of the stock market has shrunk by 46 billion. Accordingly, the total market capitalization, which was 4.44 trillion rupees last Monday, has been maintained at 4.396 trillion rupees.
