NEPSE is The 'bullish trend' and make a New record in the stock market of Nepal

Jun Fri 2023 05:26:53

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NEPSE is  The 'bullish trend' and make a  New record in the stock market of Nepal

Kathmandu. Due to investors' confidence, the stock market has seen an increase in both the NEPSE index and the trading volume this week. Out of the five trading days of the week, NEPSE increased on three days, while on Monday and Thursday it fell. A total of 225 companies traded worth Rs 67 billion 74 crore six lakh 39 thousand 145 during the week. According to the Nepal Stock Exchange, a total of 167 million 66 thousand 114 shares were traded throughout the week.

From all perspectives, the stock market has set a new record throughout the week. Nepse, which has been continuously rising, reached the historical point of 3,000. On the last day of the week, correction was seen in NEPSE. Banks and financial institutions have reduced interest rates and because there is more liquidity, a positive effect has been seen in the stock market.

Similarly, the publication of the financial statements of the fourth quarter of the financial year 2077-78 has also been successful in giving a positive rhythm to the market. Although there was a continuous correction in the NEPSE throughout the last June, since the beginning of July, investors have been excited when the market has picked up speed.

According to stock market experts, the 'bullish trend' is still dominant in NEPSE. For the same reason, a positive effect has been seen in every sub-indicator. On the first trading day of this week, NEPSE rose by 54.31 points and reached 3,58.63. The sensitive index, which measures the share turnover of large companies, increased by 11.74 points to reach 574.02, and the turnover also increased significantly. A total of 4 crore 39 lakh 39 thousand 212 shares of 223 companies were bought and sold at the price of Rs 14 billion 23 crore 24 lakh 17 thousand 472.