Improvement in both Nepse indicator and transaction amount, green shade in all groups
November 29, 2078 15:27 VikasNews
Kathmandu. The stock market has risen after about two weeks. The stock market, which has been continuously declining since October 29, has doubled on Monday.
In the market, the Nepse index rose by 26.44 points to 2715.35 points. Which is 0.98 percent more than the previous transaction.
Share trading has also increased along with the Nepse index on Monday. Shares worth Rs 4.73 billion were traded on Monday, up from Rs 4.9 billion on Sunday.
Shares of 228 companies were traded in the regular market. Of which, Mahalaxmi Development Bank has the highest turnover. Shares of the bank worth Rs 354.6 million have been traded on the same day.
The share price of the company with high turnover has declined. The company’s share price fell 4.46 percent to Rs 750 per share. Which is 35 rupees more than the previous day.
All the 13 groups that came into business on Monday have turned green. Out of which, non-life insurance group has risen the most by 212 points.
Shares of four companies traded at the circuit level in the double-digit market. Like on Sunday, the share price of Bottlers Nepal (Terai) has risen by 10 percent to Rs 13,007 per share. Similarly, the share price of Manushi Microfinance increased by 10 percent to Rs.
The central bank, Nepal Rastra Bank, issued a directive on Sunday to curb interest rate hike, which had a positive impact on the stock market on Monday. As per the directive, commercial banks, development banks and finance companies will now be allowed to raise interest rates only 10 percent of their average interest rate.