However, while the index of the Nepal Stock Exchange (Nepse) traded approximately 20 points higher at lunchtime, the stocks market saw a significant increase in the early morning hours of the day. The index, on the other hand, gave back some of the gains achieved earlier in the day during the later trading hours of the day on Friday. On the day in question, the nepse closed with a loss of 7.90 points, finishing at 2,765.44.
After experiencing small drops in the previous two sessions, market players were able to gain some ground over the 2,750 barrier. In anticipation of the Federal Reserve’s monetary policy review, which is likely to be released later this week, the market has remained tranquil for the time being. Trading volumes have plummeted to less than Rs. 4 billion as a result of a lack of confidence on the part of the investing public.
The hospitality and tourism business witnessed substantial growth, with a more than 4.5 percent increase in revenue. A gain in Nepal Telecom Ltd helped the broader ‘Others’ index finish in the black as well. A number of the sub-indices, including investment, non-life insurance, mutual funds, hydropower, and banking, concluded the day with gains as well, according to the S&P 500. The finance and development banking industries, on the other hand, experienced 0.88 percent and 0.65 percent reductions, respectively. A modest reduction was observed in the sub-indices for Manufacturing & Processing, Microfinance, and Life Insurance.
The most actively traded stock on the day was Mahalaxmi Bikas Bank Ltd, which had a total of 344 million rupees worth of transactions and was the most liquid stock in the market. Among the companies that recorded transactions was Nepal Telecom Ltd, which recorded transactions worth Rs 292 million. There were a number of other events taking place on the day, including those hosted by Arun Kabeli Power Limited, Himal Dolakha Hydropower Limited, Nabil Bank Limited, National Hydropower Company Limited, and Upper Tamakoshi Hydropower Limited.
The most actively traded companies during the first trading session of the day were Manushi Laghubitta Bittiya Sanstha Ltd and Chandragiri Hotels Ltd, both of which had a 10 percent increase in share price throughout the day. On Monday, the stock prices of Khani Khola Hydropower Company Ltd, Nepal Insurance Company Ltd, Ghalemdi Hydro Ltd, and Civil Bank Ltd all rose by 5.03 percent, 4.08 percent, 3.43 percent, and 2.69 percent, respectively, as their respective market capitalizations increased.
For their part, the stock prices of Corporate Development Bank Ltd and Reliance Finance Ltd have dropped by more than 3 percent. Terhathum Power Company Ltd, Sana Kisan Laghubitta Bittiya Sanstha Ltd, Guheshwori Merchant Bank & Finance Co. Ltd, Janaki Finance Ltd, and Central Finance Company Ltd were among the companies that saw significant drops in their stock prices. Terhathum Power Company Ltd, Sana Kisan Laghubitta Bittiya Sanstha Ltd, Guheshwori Merchant Bank & Finance Co. Ltd, Janaki
As predicted by the ARKS technical analysis, the index has formed a little bullish candlestick, indicating that the period of indecisiveness has been prolonged. In addition, the increase in dipping volumes may point to the possibility of greater consolidation in the near future. Aside from that, momentum indicators are also in the neutral zone, which raises the possibility of a sideways trend in the market. It is still possible to reach the 2,680 support line, but the 2,850 resistance line is serving as a level of resistance.