NEPSE posts double digits growth, volume of transaction in rise

NEPSE

Kathmandu: The benchmark Capital market index NEPSE recorded a double digits growth of 13.97 points on Tuesday.

The index which opened at 1,193.34 points in the morning reached to 1,207.31 points at the end of the day posting 1.17 per cent increment in the index. After the introduction of fully automated online trading in the stock exchange, the index was in continuously declining trend.

The sensitive index which shows the performance of group ‘A’ companies also increased by 3.31 points to close at 256.87 points in Tuesday’s transactions.

The volume of transaction in the stock exchange also recorded significant increment in today’s transaction as compared to Monday.

The stock exchange traded 655,597 unit shares worth Rs. 174,155,390 of 150 companies in 2,769 transactions on Tuesday. It traded 443,355 unit shares worth 133,819,462 of 131 companies in 2,607 transactions on Monday.

After the introduction of online transaction, the volume of transaction in the capital market is in continuously rising trend.

In today’s transaction sub-indices of all trading groups except finance recorded increasing trend.

Sub-indices of life insurance group recorded the highest point’s increment of 77.09 points increment followed by non-life insurance, hotels and banking whose indices increased by 75.14 points, 36.57 points and 14.69 points respectively.

Similarly, development bank, microfinance, others and hydropower groups indices increased by 12.59 points, 10.58 points, 6.56 points and 0.28 points respectively. Sub-indices of finance, however, declined by 0.25 points in Tuesday’s transaction.

Meanwhile, NEPSE management has refused the proposal of a group of share market investors to provide the mock trading facility again by stopping the undergoing online trading in the stock exchange.

Murari Parajuli, Spokesperson of NEPSE said that NEPSE would not offer mock trading facility again stopping the undergoing online trading though a group of investors are demanding for.