NEPSE rises 8.23 points in final trading before Dashain holiday, market expected to be positive after break
On Friday, the final trading day before the Dashain holiday, the NEPSE index rose 8.23 points to close at 2634.17. Market analysts expect the market to be positive after Dashain, despite some impact from flood damage and the pressure of principal and interest payments at the end of Ashoj.
Kathmandu. On Friday, the final trading day before the Dashain holiday, the stock market rose. The NEPSE index increased by 8.23 points to close at 2634.17.
As the market rose, 8 sub-groups of NEPSE increased, while 5 decreased. Today, the mutual fund group rose the most by 0.76 percent, while the banking group supported the market's rise with a 0.72 percent increase. On this day, the trading group fell the most by 0.54 percent.
In the market today, the share prices of 174 companies increased, while 91 companies decreased. On this day, the share prices of 12 companies remained stable.
Today, shareholders of Chirkhwa Hydropower earned the most in the market. The company's share price increased by 14.82 percent.
Similarly, today shareholders of Himalayan Everest Insurance lost the most. The company's share price decreased by 4.98 percent.
In the market today, transactions worth 4 arba 87 crore rupees took place. The highest transaction was of Ghlemdi Hydropower.
According to market analysts, traders have been affected by the huge damage from the Bhotekoshi and Budhigandaki floods this year. Moreover, the market has been somewhat affected as it is time to pay the principal and interest of banks in Ashoj. They argue that since the impact of the end of Ashoj is over and Nepal Rastra Bank has extended the time for residents of flood-affected areas to pay principal and interest, a positive wave will spread in the stock market after Dashain.
Market analysts argue that the market will improve before Tihar. They argue that the market will remain positive as the government and regulatory bodies are working on stock market reforms.