Kathmandu, Shares worth Rs 4.5 billion were traded on Monday. Shares of 214 companies worth Rs 3.85 billion were traded in the market, which rose by 8.57 points amid sharp fluctuations.
Nepal Life Insurance has the largest share in that. Nepal Life has been bought and sold for Rs 349.1 million. Shares of the company traded at Rs 2,224 on Monday.
The second most traded company in terms of transaction amount is the Citizens Investment Fund. Shares of the fund have been traded at Rs 5,008 per share.
The turnover on Sunday was Rs 4.66 billion. The fall in broker commission by 33 per cent due to the declining transaction amount shows that investors have not been very enthusiastic. Investors have been demanding that the reduced commission amount should not be more than 0.25 percent. Brokers, on the other hand, have drawn the attention of the Nepal Securities Board (NSB) saying that the commission rate is not right and the rate should not be reduced just by looking at a few days of trading. This has created a dilemma for investors, he said.
Similarly, Narayani Development Bank is in the forefront of companies earning the most. Of the 12 groups that traded on Monday, the trade, development bank and other groups' indices declined while the rest rose. The index for trade declined by 48.65 points, development banks by 10.29 points and other groups by 0.98 points.
The highest increase was in the production and processing group at 97.79 points.