Riding high on confidence, the investors gained this week too, despite
fear of central bank clipping banks and financial institutions' margin type
lending to stabilise the market.
The stock market this week witnessed over half a million worth stocks
trading an average for a day as the Nepal Stock Exchange posted Rs 2.10 billion
worth stock trading in four days of the week, against Rs 1.98 billion worth
stock trading a week ago. Some 5.07 million units of stocks changed hands in a
week compared to some 6.41 million unit stocks a week ago. Despite less units
if stocks being traded the week posted more amount compared to a week ago as the
price of the stocks looked up.
Though the market operates for five days – from Sunday to Thursday – this
week saw only four days of trading due to public holiday on Christmas on
Wednesday.
However, stocks of some 10 listed companies were traded this week against
some 148 a week ago.
The market closed at 805.35 points from the Sunday mornings opening of
795.19 points – due to almost all the sub-groups better performance – as the
Nepse gained 10.16 points in the four-day trading.
Nepal Bangladesh Bank
with Rs 218.61 million worth stocks trading became the largest traded company
followed by NIC Asia Bank with Rs 160.56 million. Likewise, Kist Bank saw its
546,716 units of stocks being traded in a week.
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