Secondary bourse in downward trend

Secondary bourse in downward trend

The new provisions introduced by the government to track the money invested in the stock market pushed investors, with Nepal Stock Exchange (NPA) index falling 0.18 percent or 2.19 points in trade week between July 22 and July 26. Gaya. Market analysts per share.

Investors must now submit their 'Know Your Customer' (KYC) form to their respective stock brokers during the purchase of shares. The government has made this provision mandatory from the beginning of this financial year.

Secondary bourse in downward trend

"Many big investors buy shares with black money, which they have deposited." An independent stock market analyst Prakash Rajar said, currently, they can see in wait-and-clock mode that the government can use such illegal sources How the transaction behaves. "That is the reason that the secondary market has not accumulated momentum."

According to Rajbha, there is no other reason for the market to move around the 1,200-digit mark.

The benchmark index, which was open at 1,193.39 points on Sunday, closed 11.73 points down at 1,181.66 points by the end of the day. It rose by 12.84 points and rose by 1,194.50 points and 4.77 points to 1,199.27 points, on Monday and Tuesday respectively.

However, optimism could not be issued, and the local market closed 4.92 points down at 1,194.35 points on Wednesday and closed 3.15 points down on Thursday, closing at 1,191.20 points.

Similarly, the sensitive index dropped by 0.18% or 0.46 points to 250.96 points and the float index was also closed at 0.24% or 0.21 points at 85.41.

In a new development, Napsei insured the sub-index
Life Insurance Index and Non-Life Insurance Index has been separated from July 17th.

In the review period, banking, development banks, hydroelectricity, manufacturing, non-life insurance, life insurance and minority sub-groups landed in red area, while there were advantages in hotels, other, trade and finance sub-indexes.

In the review week, the microfinance sub-index topped the most, losing 1.28 percent or 20.11 points to 1,541.5 points. The share price of Samata Microfinance Battiya Institute fell by Rs 21 to Rs 1,329.

The life insurance sub-index fell 1.19 percent or 71.96 points to 5,942.18, the share price of Nepal Life Insurance Company decreased from Rs 10 to Rs 1,010. Similarly, the non-life insurance subsystem closed 1.08 percent or 64.59 points down at 5,904.76 points. The share price of Himalayan General Insurance dropped by seven rupees to 433 rupees.

Similarly, the manufacturing sub-index dropped 0.41 percent or 9.31 points to 2,217.59 points. Hydroelectric subsystem also fell by 0.16 percent or 2.43 points to 1,435.43, which fell to the share price of API Power from 13 rupees to 270 rupees.


In addition, the growth bank sub-group fell below 0.06 percent or 0.95 points to 1,408.31 points. Banking subsystems 0.01 percent or 0.06 points dropped by 1,012.8 points, the share price of Everest Bank decreased from Rs 10 to Rs 662.

Meanwhile, the hotel sub-index was the top gainer and rose 1.78 percent or 32.33 points to 1,846.76 points. The share price of Solte Hotel rose by six rupees to 245 rupees. Similarly, the other sub-group increased by 0.64% or 4.55 points, which reached 715.04 points.

Similarly, the trade sub-index also rose by 0.21 percent or 0.42 points to 19.69 points and the financial subdivision rose by 0.05 percent or 0.33 points to 609.92 points.

Overall, in the 3.94 million shares of 179 companies, 1.05 billion rupees were traded through 16,886 transactions. The turnover was 27.41 percent less than the total weekly trading of last week, which was recorded at 1.45 billion rupees. In the previous week, 4.75 million shares of 186 companies had changed hands through 15,128 transactions.

In the case of weekly business, all the top places were occupied by commercial banks during the review period, under which the Nabil Bank
Was 53.03 million rupees. Followed by Nepal Investment Bank 38.88 million, Nepal Credit and Commerce Bank
32.41 million, with Nepal Bank 30.49 million and Sanima Bank with 27.39 million rupees.

Meanwhile, Mega Bank was the pioneer in the number of shares of 137,000 shares of its shares in the hands of the shares. In the case of number of transactions, Ryarang Hydroelectric Development Company was at the top with 745 transactions.