kathmandu | The stock market, after a downward trend spanning three consecutive trading days, concluded on a positive trajectory this Monday. A surge was witnessed during the final 40 minutes of trading, propelling the market upward. Closing at 2070 points, Monday’s trading session saw an increase from 2060 points recorded at 2:20 PM, which was the previous day’s closing figure. In the last 40 minutes alone, the market ascended by 3 points, culminating at 2073 points. Interestingly, along with the market’s rise, trading volume also experienced a notable surge.
Comparing figures, transactions on Sunday amounted to 3.38 billion rupees, while on Monday, they totaled 2.88 billion rupees. Out of the 148 listed companies, 85 observed a hike in their prices, while 10 remained stable, and the rest encountered declines.
The Vikas Bank Group led the charge with a remarkable increase of 1.3 percent, closely followed by the Finance Group, which witnessed a 1 percent surge.
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On the flip side, other sectors exhibited mixed trends. Banking saw a decline of 0.37, Investment by 0.35, Production by 57, and Life Insurance by 11 points. Conversely, Business increased by 14, Others by 6, Microfinance by 24, Life Insurance by 6, Hydropower by 4, Hotel and Tourism by 47, Finance by 20, and the Vikas Bank Group by 52 points. Notably, Gorkha Finance, Saptakoshi Development Bank, People’s Power, Dhaulagiri Microfinance, and People’s Hydropower observed a significant price hike of 10 percent.
On the other hand, Humanitarian Microfinance, NMB Bank, Singati Hydro, and Mandu Hydro experienced a decrease in prices by 5, 2.7, 2.4, and 2.3 percent, respectively. Analyzing trading volume, Gorkha Finance, Shivam Cement, Sonapur Cement, Upper Tamakoshi, and Ghorahi Cement emerged as prominent players.
