Nepal | September 30, 2020

Secondary market up by 31.89 points

Himalayan News Service
Share Now:

Kathmandu, April 21

As the number of investors who have started flocking to the secondary market to invest in shares of commercial banks has been steadily rising in the last couple of days, the Nepal Stock Exchange (Nepse) has shown a positive trend in the past few weeks. Continuing with this trend, Nepse went up by 2.59 per cent or 31.89 points to rest at 1,264.20 points today.

“In recent days, investors seem to be more confident of investing in the secondary market and this is likely to continue in the coming weeks,” said Rajan Lamsal, general secretary of Nepal Investors Forum.

Similar to the Nepse index, the sensitive index increased by 2.95 per cent or 7.84 points to rest at 273.41 points and the float index also went up by 2.63 per cent or 2.39 points to 93.38 points.

Among the 11 sub-indices, manufacturing and non-life insurance were the only subgroups that settled in the red zone today. Like in the previous days, the trading sub-index did not witness any transaction.

The banking subgroup led the pack of gainers, rising by 4.1 per cent or 45.94 points to land at 1,167.63 points.

The share price of Standard Chartered Bank, Nepal SBI Bank and Himalayan Bank increased by more than nine per cent today.

Share price of Standard Chartered Bank rose by Rs 62 to Rs 683 today.

Similarly, share price of Nepal SBI Bank went up by Rs 46 to Rs 511 and that of Himalayan Bank soared by Rs 48 to Rs 580.

Meanwhile, share price of Swadeshi Laghubitta Bittiya Sanstha also rose by over nine per cent today. It went up by Rs 56 to rest at Rs 624.

Seeking anonymity, one broker informed that investors are expecting to receive the same price for their shares like in the previous days, especially of commercial banks.

At the end of the day, altogether 3,375,153 shares of 171 companies that amounted to Rs 1.03 billion were traded through 10,671 transactions.

Among the biggest losers today, share price of Best Finance Company was down by 4.16 per cent to Rs 92.

Similarly, Nepal Seva Laghubitta Bittiya Sanstha’s share price fell by 4.04 per cent to Rs 475.

A version of this article appears in print on April 22, 2019 of The Himalayan Times.

Follow The Himalayan Times on Twitter and Facebook

Recommended Stories:

More from The Himalayan Times:

Diogo Jota

Liverpool maintain 100% start with win over Arsenal

LIVERPOOL: Premier League champions Liverpool maintained their 100% start to the season with a 3-1 win against Arsenal at Anfield on Monday leaving them level on nine points with pacesetters Everton and Leicester City. The visitors took the lead through an Alexandre Lacazette strike but L Read More...

Fulham, Aston Villa, Ivan Cavaleiro, Matty Cash

Villa beat Fulham 3-0 to move into top four

LONDON: Aston Villa moved into the Premier League top four after they strolled to a 3-0 win at Fulham thanks to goals from Jack Grealish, Conor Hourihane and Tyrone Mings in a lopsided contest on Monday. The result left Villa, who narrowly avoided relegation last season, fourth on a maximu Read More...

Private hospitals, labs to charge Rs 3,899 for PCR test

KATHMANDU, SEPTEMBER 28 Private hospitals have fixed their own rate for conducting polymerase chain reaction tests, saying that the fee allocated by the Ministry of Health and Population was too less. Eight private hospitals and labs, including HAMS Hospital, Star Hospital, B&B Hospital an Read More...

President issues ordinances on acid attack punishment, acid sale regulation

KATHMANDU, SEPTEMBER 28 President Bidhya Devi Bhandari today issued two ordinances to increase jail sentence for acid attackers and to regulate the sale and distribution of acid and other harmful chemicals. One of the ordinances amended the new penal code, proposing to increase jail term for a Read More...

Editorial: Unemployment problem cannot be addressed unless all levels of govt work together to create jobs within the country

The unemployment problem cannot be addressed unless all levels of govt work together to create jobs within the country Unemployment is a big problem in Nepal. That is why youths in large numbers migrate to other countries, mostly India, the Middle East, Malaysia, South Korea and Japan, where they e Read More...

Ayurvedic literature: Delving into its history

The travelogue of Chinese pilgrim Faxian was the earliest testimony to describe the healthcare system in ancient South Asia. It is close to the description by the earliest Ayurvedic compendium, Charaka Samhita Ayurveda has become a buzzword in the contemporary setting of medicine in the era of COVI Read More...

Six student leaders arrested for staging protest outside Chinese Embassy in Kathmandu

KATHMANDU, SEPTEMBER 28 Six student leaders of Nepal Student Union, the student wing of major opposition Nepali Congress, were arrested today for staging a protest outside the Chinese Embassy at Baluwatar against the alleged border encroachment by the Chinese side in Humla district. The NSU le Read More...

Woman found dead in Saptari district

A police team has been deployed from Province Police Office, Janakpur, to investigate the case RAJBIRAJ, SEPTEMBER 28 A 50-year-old woman was found dead at Mayanakaderi village, Ward No 2 of Tirhut Rural Municipality, Saptari, yesterday. The body of Dayaman Devi, wife of local Shiv Narayan, w Read More...