Nepse gains massive 61.05 points today, closes at 2078.51 points

KATHMANDU: The Nepal Stock Exchange (Nepse) index closed at 2,078.51 today after gaining 61.05 points from yesterday’s closing. This is a gain of 3.03%. The index had lost 27.26 points last Friday.

The index opened at 2027.80 points, which is also the intraday low. The index went intraday high and closed at 2,078.51.

219 scrips traded hands via 42,931 transactions. Furthermore, a total of 6,423,156 shares exchanged hands amounting to Rs. 2.730 Arba in the turnover amount. This is a lot higher than last trading day’s turnover of Rs. 1.443 Arba.

Investors have taken it positively the decision of the central bank to reduce risk burden in the margin nature of share mortgage loans up to 2.5 million and the decision to remove the loan limit of 40 million per bank. This has directly impacted the stock market.

Through the monetary policy, the central bank has said that it will remove the maximum limit of 40 million per person from one bank in the margin nature of share mortgages and maintain the limit of 120 million per person.

Similarly, it said that the risk weight for loans up to 2.5 million will be maintained from 150 percent to 100 percent. According to the market experts, the psychology of stock investors is positive because the policy sends a message that Nepal Rastra Bank is positive towards the stock market.