Market Monday: Nepse Index Climbs, Stock Market Shows Strength
Hello, stock market enthusiasts! Today’s update brings you the latest on the Nepse and stock market trends here in Kathmandu. It’s time for a market analysis of what happened during the trading day.
Monday saw a positive turn in the Nepse Index. The Nepse rose by 12.03 points, closing at 2761.86. The sensitive index, which tracks the performance of Class “A” stocks, also saw an increase of 3.74 points, reaching 476.38. While the float index decreased by 1.18 points and the sensitive float index decreased by 1.48 points, the overall trend for the day was positive.
Stock trading activity was robust, with 326 companies participating. A total of 11,440,844 shares changed hands, resulting in a total trading volume of NPR 5.10 billion. This is a slight decrease compared to Sunday’s activity, which saw a trading volume of NPR 6.06 billion, with 14,805,569 shares traded across 321 companies. This shows slight market correction.
Market capitalization for the day stood at a substantial NPR 46.17 trillion, showing the overall strength of the stock market.
Share prices saw a mixed performance. 143 companies experienced an increase in their share value, while 106 companies saw a decrease. Sectorally, the stock market sectors had mixed outcomes. Eleven groups experienced gains, while two others declined.
Top performing sectors included the commercial banks, which increased by 21 points, development banks which increased by 30 points, finance, hotel & tourism, and hydropower.
In terms of top traded stocks, Nepal Reinsurance Company, Everest Bank, Himalayan Distillery, Infrastructure and Development Limited, and Kumari Bank Limited led the way in terms of trading volume with a significant amount. The trading volume for each company was as follows: Nepal Reinsurance Company (NPR 280 million), Everest Bank (NPR 244 million), Himalayan Distillery (NPR 218 million), Infrastructure and Development Limited (NPR 209.5 million), and Kumari Bank Limited (NPR 179.5 million).
For those looking for financial news or to invest in the stock market, keeping up with these trends is crucial. Stay informed about market performance so you can strategize accordingly. Keep a watch out for more stock market updates!
