Due to the possibility of better returns in the fiscal year, the stock
market index surged by 14.19 points, even bringing the circuit breakers
into action.
The benchmark index at Nepal Stock Exchange has reached 535.72 points — a jump of almost 30 points in the last six trading days. With expectations of handsome dividends in the new fiscal year, investors are bidding high for shares.
With the new fiscal year, investors are trying to buy shares of companies that have the possibility of offering attractive dividends such as Chilime Hydropower, Everest Bank, Standard Chartered Bank, Nabil Bank and Unilever.
Moreover, with the monetary policy asking financial institutions to increase their paid up capital to the regulatory requirement by the end of the current fiscal year, more financial institutions are expected to shell out stock dividends to shareholders from their reserve. The requirement may soon push the prices of shares of financial institutions up in the stock market.
Easy availability of margin finance and release of money stuck at Mega Bank’s initial public offering further provided investors with liquidity and transaction volume also increased to Rs 176 million today.
The biggest gainer of the day was the insurance subgroup that recorded a gain of 36.38 points as share prices of LIC Nepal, Nepal Life Insurance and National Life Insurance recorded gains of more than Rs 50 per unit.
Likewise, the hydropower subgroup earned 35.42 points, due to Chilime Hydropower’s share price surging by Rs 55 per unit. The banking subgroup also recorded a gain of 18.55 points.
Unilever also gained Rs 105 per unit share. The biggest gainers of the day were NIC Asia Bank and NLG Insurance while the biggest loser was Grand Bank Nepal’s promoter shares.
Today, 533,233 unit shares of 24 companies were traded in 1617 transactions. The market capitalisation of the stock exchange today stood at Rs 532.6 billion.
src : THT
The benchmark index at Nepal Stock Exchange has reached 535.72 points — a jump of almost 30 points in the last six trading days. With expectations of handsome dividends in the new fiscal year, investors are bidding high for shares.
With the new fiscal year, investors are trying to buy shares of companies that have the possibility of offering attractive dividends such as Chilime Hydropower, Everest Bank, Standard Chartered Bank, Nabil Bank and Unilever.
Moreover, with the monetary policy asking financial institutions to increase their paid up capital to the regulatory requirement by the end of the current fiscal year, more financial institutions are expected to shell out stock dividends to shareholders from their reserve. The requirement may soon push the prices of shares of financial institutions up in the stock market.
Easy availability of margin finance and release of money stuck at Mega Bank’s initial public offering further provided investors with liquidity and transaction volume also increased to Rs 176 million today.
The biggest gainer of the day was the insurance subgroup that recorded a gain of 36.38 points as share prices of LIC Nepal, Nepal Life Insurance and National Life Insurance recorded gains of more than Rs 50 per unit.
Likewise, the hydropower subgroup earned 35.42 points, due to Chilime Hydropower’s share price surging by Rs 55 per unit. The banking subgroup also recorded a gain of 18.55 points.
Unilever also gained Rs 105 per unit share. The biggest gainers of the day were NIC Asia Bank and NLG Insurance while the biggest loser was Grand Bank Nepal’s promoter shares.
Today, 533,233 unit shares of 24 companies were traded in 1617 transactions. The market capitalisation of the stock exchange today stood at Rs 532.6 billion.
src : THT
