Accordingly, the Nepse index, which measures share trading, fell by 46.78 points to 2,796.57 points on Wednesday. While on Tuesday, the Nepse index fell by 32.08 points to 2,843.35 points.
We use Google Cloud Translation Services. Google requires we provide the following disclaimer relating to use of this service:
This service may contain translations powered by Google. Google disclaims all warranties related to the translations, expressed or implied, including any warranties of accuracy, reliability, and any implied warranties of merchantability, fitness for a particular purpose, and noninfringement.
Although the stock market saw a surge on the first trading day after the election, it did not last even for a day. Last Monday, the market rose by 162 points, and the overall NEPSE closed at 2,875.43 points. However, since then, the stock market has been declining at a high rate.
Accordingly, the NEPSE index, which measures stock trading, fell by 46.78 points on Wednesday to 2,796.57 points. While on Tuesday, it fell by 32.08 points to 2,843.55 points.
On Wednesday, the market followed Tuesday's trend, and the NEPSE fell by a large number. Wednesday's NEPSE is 1.64 percent lower than Tuesday. Analysts claim that the NEPSE fell by a large number on Tuesday and Wednesday after short-term investors started booking profits in the market that rose by a high number last Monday.
The share price of 34 companies that were traded on that day increased, while that of 225 decreased. The share price of the remaining 3 companies remained stable. However, shareholders of 34 companies made profits even in a declining market. The analysis shows that the value of shareholders' assets increased after the share price of these companies increased. According to which the share price of Salpa Bikas Bank increased by the most by 10 percent. The share price of National Hydropower Company increased by 9.96 percent and the share price of Reliance Spinning Mills increased by 9.33 percent.
Shareholders of 225 companies suffered losses on Wednesday. After the share price of these companies decreased, the value of investors' assets also decreased. Accordingly, the share price of Kalika Power Company decreased by the most by 8.47 percent and that of Panchakanyamai Hydropower by 5.77 percent. There was no change in the share price of the 3 companies that day.
36 million 49 thousand 451 shares were bought and sold on Wednesday from 115 thousand 555 transactions. In those transactions, shares worth 13.18 billion 20 million rupees were traded. The trading amount compared to the previous day also decreased. Shares worth 21.50 billion 20 million rupees were traded on Tuesday.
This is the highest number of shares traded in a single day since 11 Shrawan 2082. Shares worth 26.57 billion 74 million rupees were traded in the stock market on that day. Since then, such a large amount of transactions have not been made in a single day. Compared to Tuesday, the number of transactions, along with the transaction amount, all decreased on Wednesday. 52.711 million 353 shares were bought and sold from 205,611 transactions on Tuesday.
Out of the 13 subgroups that were traded on Wednesday, the NEPSO fell by double digits after the indices of all but the collective investment fund declined. The collective investment fund index is positive by 0.34 percent. On Wednesday, the banking subgroup index fell by 1.82 percent, development banks by 1.61 percent, finance companies by 2.08 percent, hotels and tourism by 1.56 percent, hydropower by 0.71 percent, investment by 1.87 percent, life insurance by 1.98 percent, manufacturing and processing by 1.43 percent, microfinance by 1.64 percent, non-life insurance by 0.97 percent, others by 1.83 percent, and trade by 3.40 percent, according to NEPSE data.
