KATHMANDU: The domestic share market last week created history as its index climbed to the position where it had been around one and a half years ago.
It means that the Nepal Stock Exchange (NEPSE) index which was on a downward trend established a ‘bullish trend’ by exceeding 1,300 points.
According to people aware of the share business, the domestic stock market caught a new pace due to the increased level of confidence among investors.
The market which had remained open for five days (Sunday to Thursday) as usual was closed, touching a new point.
Throughout the week, 21 million 197 thousand 195 units of share of a total of 183 companies were traded and the total transaction was Rs 6 billion 672 million 61 thousand 932.
The opening day registered a 42.61 point rise with the trading of 3 million 831 thousand 54 units of share of a total 179 companies and the total transactions of Rs 1 billion 335 million 747 thousand 967 followed by the trading of 5 million 518 thousand 636 units of share of a total 183 companies on Monday when the NEPSE index again make a rise by 15.14 points. The total transaction was Rs 1 billion 705 million 60 thousand 664.
Although the domestic share market index gained on Sunday and Monday, it decreased on Tuesday. It slid by 7.48 points on Tuesday. Three million 766 thousand 982 units of shares worth Rs 1.264 billion of 183 companies were traded on this day.
On Wednesday the NEPSE index increased by 20.85 points. Wednesday saw 3 million 55 thousand 233 units of shares of a total of 177 companies traded with total transactions of Rs 904 million 813 thousand 932.
NEPSE index gained 26 points on Thursday, the last day of weekly trading. A total of 5 million 25 thousand 563 units of shares worth Rs 1 billion 699 million 995 thousand 107 were traded on this day.
Similarly, the shares of two companies were listed in NEPSE this week.
Seventy-two million 87 thousand 81 units of rights shares of Global IME Bank and Janata Bank were listed after the merger of these two banks while 2,764,692 units of rights shares of Srijana Finance were listed.
Comment