New record in the stock market

File Photo. An investor looks an electronic board at the stock exchange in Shanghai. Photo courtesy: Reuters

Kathmandu: On Thursday, the last trading day of the year, a new record has been set in the share market. The Nepse index, which measures share turnover, reached a new high of 2,374.64.

The Nepse index has risen by 31.87 points on Thursday. Although the Nepse index improved overall, banks and mutual fund subgroups did not grow.

The banking index declined by 3.83 points and the mutual fund by 0.05 points. A total of 181,5671 shares of 209 companies have been traded in the secondary market, bringing the total turnover to Rs 7.79 billion.

Investors in support microfinance are seen earning a lot today. The share price rose by 10 percent of support, causing a circus break. The share price of the company, which could not be traded during the day, has risen by Rs 138 to Rs 1,510.

Swabhiman MFI is the second highest earning financial institution. The company’s share price has risen 9.98 percent or Rs 178 to Rs 1,962.

Similarly, Siddhartha Insurance accounted for 9.97 per cent, Mahila Sahyatra Microfinance 9.96 per cent, Rural Development Microfinance 9.96 per cent, Asha Microfinance 9.96 per cent, Suryodaya Microfinance 9.94 per cent, Infinity Microfinance 9.94 per cent and United Insurance 9.93 per cent. The share price has risen.

Investors in these companies, who have lost a lot, have lost
even as the stock market has risen by about 32 points. Narayani Development Bank is the number one loser on Thursday.

Najarayani’s share price fell 6.70 percent to Rs 696. Nepal Hydro, the second-biggest loser, fell 4.25 percent to Rs 248.

Similarly, shares of Barun Hydropower fell by 3.33 percent, Bank of Kathmandu by 2.13 percent, Sunrise First Mutual Fund by 1.96 percent, and Manjushree Finance by 1.65 percent.

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