Why NCC bank Share price High, NEPSE Explanation to the bank

Jan Sun 2021 05:09:56

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Why NCC bank Share price High, NEPSE Explanation to the bank

Kathmandu. The Nepal Stock Exchange has also expressed concern over the move to increase the share price of Nepal Credit and Commerce Bank NCC Limited.

Shares of NCC Bank traded at a circuit break on Sunday. Shares of NCC Bank rose 9.97 percent to Rs 364 on Sunday. Nepse called it unnatural and asked the bank for an explanation. Even though the previous transaction was normal, it looked unnatural on Sunday, according to Nepse.

A few days ago, there were rumors that NCC Bank was merging with Navil Bank. However, Nepse suspects that this is not real and manipulated to increase the share price.