An overview to recent Nepalese Capital Market trend. Kathmandu, July 3: With a conti
nuous rise in share prices of leading scrips, the stock trading today closed at an all-time-high crossing the 600-mark for the first time in its 13-year-long history.The share trading at Nepal Stock Exchange (Nepse) opened at 598.52 points in the morning and closed at 602.87 points, with shares of commercial banks and hydropower companies gaining. As a result, the total ma
rket capitalisation has gone up by Rs 1.17 billion to Rs 162.80 billion from Rs 161.62 billion yesterday.Of the 40 scrips traded today, more than 90 per cent of them have gained in a range of Re 1 to Rs 75 per share. Only five companies are the losers among them.The stock market has maintained a bullish trend for the last six weeks amid soaring speculative buying and investors’ expectations that the economy will gain momentum. The analysts say the market has been overheated on speculation that the financial institutions would soon announce positive annual financial results, as the book for this fiscal year is being closed in a week or so.“A rush of gullible and new investors is taking stock trading to a new high these days,” said a senior official at Nepse.He, however, warned that the current growth is not ‘justifiable’ in accordance with the country’s economic performance and ‘actual financial health’ of the listed companies.Terming the current Nepse as a ‘rumour-driven market’, the official also warned that the market could crash any day, if the existing speculation-dominated trend continued.“Although the market will continue to boom, the new and individual investors must take a cautious note while investing in s
tock,” he suggested.On the other hand, Rabindra Pradhan, a stock broker, terms the current bullish trend as an obvious one at the end of fiscal year. “Most of the financial institutions, including commercial and development banks, have maintained growth as of the third quarters,” he said.
nuous rise in share prices of leading scrips, the stock trading today closed at an all-time-high crossing the 600-mark for the first time in its 13-year-long history.The share trading at Nepal Stock Exchange (Nepse) opened at 598.52 points in the morning and closed at 602.87 points, with shares of commercial banks and hydropower companies gaining. As a result, the total ma
rket capitalisation has gone up by Rs 1.17 billion to Rs 162.80 billion from Rs 161.62 billion yesterday.Of the 40 scrips traded today, more than 90 per cent of them have gained in a range of Re 1 to Rs 75 per share. Only five companies are the losers among them.The stock market has maintained a bullish trend for the last six weeks amid soaring speculative buying and investors’ expectations that the economy will gain momentum. The analysts say the market has been overheated on speculation that the financial institutions would soon announce positive annual financial results, as the book for this fiscal year is being closed in a week or so.“A rush of gullible and new investors is taking stock trading to a new high these days,” said a senior official at Nepse.He, however, warned that the current growth is not ‘justifiable’ in accordance with the country’s economic performance and ‘actual financial health’ of the listed companies.Terming the current Nepse as a ‘rumour-driven market’, the official also warned that the market could crash any day, if the existing speculation-dominated trend continued.“Although the market will continue to boom, the new and individual investors must take a cautious note while investing in s
tock,” he suggested.On the other hand, Rabindra Pradhan, a stock broker, terms the current bullish trend as an obvious one at the end of fiscal year. “Most of the financial institutions, including commercial and development banks, have maintained growth as of the third quarters,” he said.
4 comments:
Nice article. Good done hari g
hi hariji, very nice do better further.
hey man it's nice, keep it up bro!
dpk pkr
Hari g, keep updating your blogger. Put some more useful tips as well and make it fruitfuil to general viewers.
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