Nepse index stood today at 1561.17; down by 0.47%

 Hello!Hello!!Hello!!!

Back with writing about daily activity of stock market.

So, lets see how did Mr. Market perform today?

Hmm.....The total turnover was Rs. 1.5 billion from 24,899 transactions and the total number of share trades was 5.3 million. The market capitalisation has also fallen to Rs. 2.08 trillion. The index has dropped which just indicates the same thing. Duh!  Nepse Index was down by 0.47% and stood at 1561.17.

Today people seemed very much intrested in SANIMA. The company declared bonus of 13.6%. Three hydropwer were also among the top 10 turnover list. Similarly, NLIC was also in it. And, we all know why right?! Even if you don't, DON'T WORRY! It's because its share price is really high so only a few shares traded would put in in top 10.

 General Insurance Company (GIC) had recently issued shares and it shares have began to trade. Ofcourse, it was the top gainer for the day and will be for a few days beacuse it had opened at Rs. 300 whereas insurance stocks are priced aroud Rs. 500-600 range. It was followed by NFS which has announced book closure for its right share. People's craze for right share is justified by the prices investors are willing to pay. But, injecting capital doesn't always result in good financial performance. GBIME's debenture was traded today. It's very rare to see debenture's being traded in nepalese market. Well, atleast for now!

 Top losers is really easy to generalise which is always better for a writer. LoL! So 8 out of top 10 losers today was hydropower stocks. Similarly, KRBL lost 5.33% and RLFL lost 5%.

Thats all for today.

BYE.

Reference:

NEPSE