During the review period of November 2 to November 26, the Nepal Stock Exchange Index went up by a whopping 252.29 points (+15.37%) to close at 1,893.24 points. The secondary market witnessed a new record after four years as the NEPSE index crossed 1,900 points during the first hour of the trading day on November 26. Ample liquidity in the banking system, lower return on bank savings, lack of other investment avenues, and high uptake of online trading services has pushed investors to invest in the secondary market, and thus the market has been witnessing a bull run lately. A total of 14,062,507 shares worth Rs 6.11 billion were traded in 56,341 transactions on November 19 alone, which marks a new record in the secondary market trading of securities based on transaction amount and number of transactions. The total market volume during the period went up 49.80% and stood at Rs 71.39 billion. During the review period, all of the sub-indices landed in the green zone. The Manufacturing and Processing sub-index (+45.48%) was the biggest gainer as share value of Bottlers Nepal (+Rs 3,490) and Himalayan Distillery (+Rs 1,698) went up. Others sub-index (+43.51%) was second in line with increase in the share value of Citizen Investment Trust (+Rs 1,005) and Nepal Telecom (+Rs 354). Non-life insurance sub-index (+20.14%) also followed suit with rise in the share value of Rastriya Beema Company (+Rs 4,500), Shikhar Insurance (+Rs 326) and Neco Insurance (+Rs 262). Likewise, Hotels sub-index (+16.97%) was also on the gaining side with increase in the share value of Oriental Hotels (+Rs 121) and Taragon Regency (+Rs 57). The Life Insurance sub-index (+12.96%) went up with rise in the share value of Nepal Life Insurance (+Rs 249), Life Insurance Company (+Rs 154) and National Life Insurance (+Rs 128). Also, Microfinance sub-index (+9.83%) increased with rise in the share value of Forward Community Microfinance (+Rs 396), National Microfinance (+Rs 262) and NMB Microfinance (+Rs 260). Commercial sub-index (+8.38%) also saw a jump as share value of Nabil Bank (+Rs 236), Prabhu Bank (+Rs 80) and Prime Commercial Bank (+Rs 56) increased. Likewise, Hydropower sub-index (+4.87%) also witnessed a surge as the share value of Rairang Hydropower (+Rs 52), Chilime Hydropower (+Rs 51) and Ngadi Group Power (+Rs 47) increased. Finance sub-index (+4.74%) also saw a rise as share value of Gurkhas Finance (+Rs 48), Multipurpose Finance (+Rs 32) and Janaki Finance (+Rs 31) gained value. Development Bank sub-index (+0.72%) witnessed least growth amongst the sub-indices with increase in share value of Excel Development (+Rs 37) and Muktinath Development (+Rs 24) increased.
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