Share market rises to 2424 points with increase of 50 points

KATHMANDU: The Nepse index has increased to 2,424 points with the rise of 50 points in the share market on Sunday.

Similarly, the transaction amount has reached over Rs 9 billion.

Nepal Life alone has a turnover of Rs 660 million, followed by Nepal Re-Insurance Co. Ltd of Rs 340 million, Nepal Telecom has Rs 310 million, National Life Rs 240 million, and Prime Commercial Bank Rs 220 million.

The biggest buyers were HIDCL, Kumari Bank, Prabhu Bank, Civil Bank Arun Kabeli Power and Prime Commercial Bank.

All sub-indices except the trade group turned green on Sunday. The largest increase was in the non-life insurance group by 221 points, while the life insurance group increased by 165 points, the microfinance group by 102 points and other groups by 104 points. The trade group index fell 73 points.

The share price has increased by 10 percent of  Mithila Microfinance, Pokhara Finance, Rural Development Microfinance, Guras Life Insurance, Gurans Microfinance, Citizen Investment Fund, Nepal Credit and Commerce Bank, IME General Insurance, Support Micro Finance, Reedy Hydropawar, Prabhu Life Insurance, Mountain Inc., Shivshree Hydropower, Asha Microfinance, and Rarang Hydropower.

Shares have been bought and sold about 80,000 times in Sunday’s trading. Earlier, the daily turnover was 40 to 45 thousand, but on Sunday, the number of transactions has almost doubled.

A total of 192.86 million shares of 207 companies worth Rs 9.37 billion have been traded through 79,094 transactions.

While the value of seven companies remained stable, the value of 46 companies declined. The share prices of all other companies have risen.