Why buy and sell high volume shares of Nepal Telecom?

Nov Tue 2020 06:24:43

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Why buy and sell  high volume shares of Nepal Telecom?

The market, which opened at 1,636.20 points on Tuesday, closed at 1,643.03 points.

A total of 77,057,353 shares of 198 companies were traded 29,606 times on Tuesday.

Nepal Telecom Company has the largest share in the total turnover on this day. Shares of the company worth Rs 103.21 million were traded on Tuesday. The second most traded stock was NIC Asia Bank. Shares of the bank worth Rs 83.44 million were traded.

The business group index rose the most at 4.8 percent on Tuesday. On this day, the index of banking group decreased by 0.17 percent and that of development bank by 0.76 percent, while the index of the remaining 10 groups increased.

On Tuesday, hotels accounted for 0.11 percent, hydropower 0.51 percent, finance 0.63 percent, non-life insurance 2.18 percent, production and processing 0.2 percent, others 1.39 percent, microfinance 0.26 percent, and life 0.14. Percent and 2.49 percent for mutual funds.

Shares of Giant Market Company rose the most at 9.96 percent, followed by Summit Microfinance at 9.92 percent, Panchthar Power at 9.73 percent, Shivshree Hydro at 9.43 percent and Rastriya Bima Company's founder at 9.1 percent.