KATHMANDU: With the Nepal Banker’s Association’s decision to reduce the interest rate, the Nepal Stock Exchange (NEPSE) has gone green and increased by 92.22 points on Wednesday.
On Tuesday, Nepal Rastra Bank held a press conference and said that the external sector is in a favorable situation.
The statement of the Nepal Rastra Bank, the belief that the tight policy will gradually be relaxed in the coming days and the agreement of the bankers to reduce the deposit interest rate with effect from April 14, have given rise to the stock market.
Market index NEPSE increased by 4.93 percent on Wednesday, the fourth trading day of the week.
The stock market increased by 92.22 points and closed at 1963.55 points today.
Due to the increase in all sub-indices, including banking, which leads the market, the transaction amount has also increased.
On Wednesday, the banking sub-index increased by 5.46 percent, while the finance company sub-index increased the most by 6.84 percent.
In 47 thousand 285 transactions, 61 lakh 7 thousand 425 shares of listed securities were traded, amounting to 1.97 billion.
The Shivam Cement had a turnover of 117.1 million rupees, when the NIC Asia Bank and the Himalayan Distillery had the turnover of 63 million rupees each.
On Wednesday, a total of 218 listed companies’ shares were traded in NEPSE, and the share prices of all companies increased.
The share prices of Adarsh Microfinance, Khaptad Microfinance, Kalinchowk Darshan and Ganpati Microfinance increased and closed at positive circuit levels, while the unit prices of Siddharth Equity Fund, Siddharth Mutual Fund 1 and Siddharth Investment Growth Scheme 2 also increased and closed at positive circuit prices.
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