Review Nepal News

NEPSE Gains 161.94 Points Making another History in Share Market

www.reviewnepal.com
  Kathmandu, Nepal      September 06 2021

 

Kathmandu, Nepal, September 6, 2021: The Nepal Stock Exchange (NEPSE) gained 161.94 points before closing at 2,980.78 points on Monday thrilling to the share market investors and the concerned stake holders. 

NEPSE made the history of triple-digit intraday gain just a day after it had lost in the same pace. In the first trading day on Sunday, NEPSE had lost 108.26 points making panic to the investors in the secondary share market.

The NEPSE index that was opened at 2,816.93 points had made intraday low 2,805 points before closing at intraday high 2,980.78 points. 

As Finance Minister Janardan Sharma expressed his concern over the massively loss in recent days, the NEPSE had begun to move up steadily.

Minister Sharma telephoned Nepal Rastra Bank (NRB) Governor Maha Prasad Adhikari to express his concerns over the massive loss in the share market. 

During the conversation with Governor Sharma, Minister Sharma expressed concerns over the situation in the capital market urging him to take necessary steps. 

As some provisions of the monetary policy are taken as the reasons behind the massive loss in the share market, Minister Sharma urged Governor Adhikari to take necessary steps not to discourage to the investors. 

Responding to the concerns of the Minister Sharma, Governor Adhikari vowed to revisit the monitory policy to make corrections. However, neither the Ministry nor the NRB have made public to be made corrections in the monitory policy. 

During the four hours long trading hours, total of 17,922,588 shares were exchanged amounting of Rs. 9.826 Arba. 

All the sectors have remained green. Different 66 scrips have hit the positive 10 percent circuit. Development Bank gained the most 9.92 percent followed by Finance that gained 9.34 percent.

Arun Valley Hydropower Development Company Limited (AHPC) had the highest turnover of Rs. 46.3 crores closing at a market price of Rs. 705.6 per share. Its shares also traded the most on Monday.