Three applications received for new stock exchange and four for commodity exchange

Kathmandu, April 24: The Nepal Securities Board has received three applications for the operation of the new stock exchange market and four applications for opening the commodity exchange market.

According to Sebon, Himalaya Stock Exchange, National Stock Exchange and Annapurna Stock Exchange have applied for the approval of the regulator to start stock exchange business.

Similarly, Nepal Multi Commodity Exchange, Himalayan Commodity and Derivative Exchange, Multi Assets Derivative Exchange and Multi Derivative Exchange are willing to operate the commodity exchange market.

Although the stock exchange will be a parallel institution with the existing Nepal Stock Exchange (NEPSE), the commodity exchange market will be the first and new institution within the country.

Despite the increase in Nepse index transaction amount has decreased

The stock market, which had declined by 30.77 points on Wednesday, has risen by 43.29 points today. The Nepse index has stopped at 2692.47 points. Similarly, the sensitive index has also increased by 9.16 points.

A total of 73,36,334 shares of 238 companies were traded worth Rs 3,67,68,46,349. Despite the rise in the Nepse index, the transaction amount has decreased compared to Wednesday. A total of Rs 4,521,598,583 was traded on Wednesday. Shares of Nepal Finance and Terathum Power Company traded at circuit price today.

Share market fell by double digits, turnover above Rs 4.5 billion

The stock market, which had been rising for three consecutive days, fell again on Wednesday. On Wednesday, the Nepse index fell by 30.77 points and closed at 2649.18 points.

Earlier, Nepse had increased by 60 points on Sunday, 32 points on Monday and 63 points on Tuesday. Despite the double-digit decline in Nepse, the transaction amount has increased. On this day, 9,559,429 shares of 236 companies were bought and sold at a price of Rs 4,521,598,583. A total of 91, 10,758 shares of 234 companies were traded at Rs 4.32 billion on Tuesday.

Shares of only one company traded at the circuit level on this day. The share price of Madhya Bhotekoshi Hydropower rose 9.96 percent and was traded at the  circuit level. Similarly, the share price of Chyangdi Hydropower and Tehrathum Power has risen more than 5 percent.

Shares of three companies traded at a positive circuit level on Tuesday, the day before the trading session. Shares of Saptakoshi Development, Shree Investment Finance and Madhya Bhotekoshi Hydropower Company traded at positive circuit level.

Similarly, Shivam Cements topped the list in terms of turnover on Wednesday. Shares of the company worth over Rs. 187 million were traded.

More than 167.4 million shares of Api Power, 143.5 million shares of Upper Tamakoshi, 117 million shares of Arun Valley Hydropower and 106.5 million shares of HIDCL have been bought and sold.

Of the 13 groups that traded on the day, the index of 11 groups declined. Shares of hotels and tourism declined by 2.21 per cent, trade by 1.74 per cent, banking by 1.52 per cent, development banks by 1.71 per cent, non-life insurance by 1.88 per cent and investment by 1.54 per cent. On the same day, the index of 11 groups declined, while that of hydropower increased by 0.49 percent and that othe f finance group increased by 0.1 percent.

Earlier, the index of 11 groups had risen on Tuesday, the day before the trading session.

Nepse index increased by 63.01 points

The Nepse index, which has been rising since Sunday, has also increased by 63.01 points and reached 2,679.95 points. Similarly, the sensitive index has also increased by 15.85 points.

A total of 91,10,758 shares of 234 companies were traded worth Rs 4.32 billion.

Shares of Shree Investment and Finance and Saptakoshi Development Bank traded at 10% circuit price and shares of Madhyabhotekoshi Hydropower Company traded at 9.99% circuit price.