After closing down by more than 100 points on Sunday, representatives of the Stock Brokers Association met Finance Minister Wagle this morning. During the meeting, he assured that the present government is supportive to the private sector and capital market and said that there is no need to panic if insider trading, manipulation and other unethical activities are not done. Experts say that the impact of the meeting has been felt in the market on this day.
On Monday, the NEPSE index rose by 83.33 points to close at 2,760.02 points. Similarly, the sensitive index increased by 14.30 points, while the float index increased by 6.01 points and the sensitive float index by 5.03 points.
Despite the rise in NEPSE index, the transaction volume remained lower than the previous day. On Monday, 25,155,000 shares of 345 stocks were traded 124,093 times amounting to Rs 10.92 billion.
On this day, 8 stocks were traded at a positive circuit level. Shares of Upkar Laghubitta Bittiya Sanstha, Bhujung Hydropower, Ridi Hydropower, National Hydropower, Super Khudi Hydropower, Ridge Line Energy, Suryakunda Hydro Electric and Hotel Forest Inn were traded in the positive circuit level on the day.
Reliance Spinning Mills topped the list on the basis of turnover volume on the day. The company's shares worth Rs 1.13 billion were traded on the day. Similarly, shares worth Rs 550 million of Himalayan Re-Insurance were traded on the day, while the turnover of NRN Infrastructure crossed Rs 480 million.
On this day, the indices of all 13 sub-groups have increased. Among them, the index of hydropower sub-group increased the most by 4.59 percent. Likewise, the indices of the finance sub-group increased by 4 percent while the indices of banking, development banks, hotel and tourism and investment sub-groups increased by more than 3 percent.
