Thursday, 26 November, 2020

NEPSE index touches highest point in last three years


By A Staff Reporter
Kathmandu, Oct. 29: The capital market that opened after Dashain festival on Wednesday showed bullish trend with a major increment of 41.20 points in NEPSE index. The index that opened at 1,606.26 in the morning increased by 2.57 per cent to close at 1,647.45 points in the afternoon.
With this increment, the NEPSE index has reached the highest position in the last three years. It is the highest position of the index after 10 August, 2017 when the index was at 1,653.53 points.
Before Dahsain holidays, the NEPSE index had increased by around 50 points with regular increment for four consecutive days. The index is showing increasing trend with some fluctuation after 29 June, 2020 when the index had dropped as low as 1,178 points.
Experts and investors have estimated further increment in the NEPSE index due to availability of cheap credit from financial market and attraction of new investors in the share market transaction after COVID-19 pandemic.
The sensitive index that measures the performance of group ‘A’ companies also increased by 9.21 points (2.89 per cent) in today’s transaction to close at 327.76 points.
In line with the increment in NEPSE index, the volume of transaction also showed increasing trend on Wednesday. The stock exchange traded 9,322,085 unit shares worth Rs. 2.72 billion of 188 companies today whereas the daily turnover just before Dashain festival was bellow Rs. 2 billion.
In today’s transaction, sub-indices of all sectors expect trading recorded increasing trend. Banking sector recorded the highest increment of 4.27 per cent followed by development bank, hotels and finance whose indices increased by 2.91 per cent, 1.89 per cent and 1.58 per cent respectively.
Similarly, sub-indices of others, life insurance, microfinance, manufacturing and non-life insurance sectors increased by 1.4 per cent, 1.15 per cent, 0.99 per cent, 0.68 per cent and 0.59 per cent respectively in today’s transaction. 

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