KATHMANDU, JULY 23
In an exciting trading session today, the Nepal Stock Exchange (NEPSE) Index closed at 2,227.16 points, marking a remarkable double-digit gain of 63.24 points or 2.92% compared to the previous day's closing. This surge comes after the index experienced a minor loss of 1.31 points on Thursday. The closing value today is the highest point reached in almost 14 months, last seen on May 26, 2022, when the NEPSE was at 2,239.60 levels.
The session started with the index opening at 2,166.47, which also served as the intraday low. Throughout the trading session, it demonstrated upward momentum, reaching an intraday high of 2,228.18, before settling at its closing value of 2,227.16.
In today's trading, the Relative Strength Index (RSI) surged to 73.07, showing a significant increase from the reading of 66.41 recorded during the last trading day. This uptick indicates a strengthening bullish momentum in the market. Furthermore, the Moving Average Convergence Divergence (MACD) line has crossed above the zero line, with the current MACD reading standing at 36.07. This optimistic indication follows a previous MACD reading of 36.97 on Thursday.
The current financial year's monetary policy was unveiled this afternoon, maintaining the existing arrangements for share securities, including the 12 crore rupee limit for margin loans. Share investors' requests for eased share mortgage provisions were not addressed in this policy. However, the policy promises to review risk weighting for share/securities loans, real estate loans, and higher purchase loans. Interestingly, margin loans through share brokers were not mentioned in this year's policy.
During today's trading, a total of 266 scrips were exchanged through 75,086 transactions, with a substantial volume of shares traded amounting to 12,002,308, representing a turnover of Rs. 4.37 Arba. The Float index gained 3.18% and currently stands at 154.82, while the Sensitive index also saw a significant increase of 3.51% and now sits at 424.93. The market capitalization stood at Rs. 3.27 Trillion whereas the float market capitalization stood at Rs. 1.16 Trillion.
Among the stocks, SHIVAM CEMENTS LTD (SHIVM) recorded the highest turnover, with an impressive amount of Rs. 14.81 crores, and closed at a market price of Rs. 645.10. The shares of GBIME were the most actively traded.
Notably, Kisan Lagubitta Bittiya Sanstha Limited (KLBSL) and Chandragiri Hills Limited (CGH) stood out in individual stock performance, recording the highest gain of 10% each and hitting the positive circuit for the day.
On the other hand, NIBL Growth Fund (NIBLGF) sees the highest decline of 10.00%.
In terms of sector indices, all sectors closed in the green, with the "Banking" sector leading the way with an impressive gain of 4.98%. The "Mutual Fund" sector registered the least gain, inclining by 0.55%.
Overall, today's trading session marks an important milestone as the NEPSE Index closes above 2200 levels after 6.5 months, reflecting a positive outlook for investors and the market as a whole.
