Monetary policy's positive impact: NEPSE index rises by 4.41 pc today
KATHMANDU: The monetary policy introduced by Nepal Rastra Bank for the current fiscal year 2024/25 has positively impacted the capital market. The Nepal Stock Exchange (NEPSE) index increased by 113.42 points, or 4.41%, to 2681.56 today.
A total of 40,314,517 shares of 318 companies were traded 163,810 times today, with a turnover amounting to Rs 15,810,596,235.45.
In today's trading, the microfinance group decreased by 0.18%, while sub-indices of all other groups increased. The banking group saw the highest increase at 9.89%, followed by the investment group at 5.75% and the development bank group at 4.87%.
The share prices of a dozen companies hit the positive circuit today. Most commercial banks were in the positive circuit, including Nepal Investment Mega Bank, Nepal SBI Bank, Sanima Bank, NMB Bank, Prabhu Bank, Global IME Bank, Citizens Bank International, Prime Commercial Bank, Agricultural Development Bank, Everest Bank, and Nepal Bank.
Upakar Laghubitta Bittiya Sanstha and Hathway Investment Nepal also saw their share prices hit the positive circuit. Based on the transaction amount and the number of shares traded, Kumari Bank had the highest number of transactions, with 1,706,582 shares worth Rs 361 million.
The NEPSE index hit the positive circuit twice today. Trading was halted for 20 minutes when the NEPSE index rose by 4% within one minute and 31 seconds of the start of trading. Similarly, within one minute of the resumption of trading, the index increased by one percentage point to 5%, leading to a 40-minute suspension of trading.
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