Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 115]
Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 115]
Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 116]

NEPSE Logs Rs 100 Billion in Transactions in 10 Months

Annual transactions also broke record

  1 min 43 sec to read
NEPSE Logs Rs 100 Billion in Transactions in 10 Months
Notice (8): Undefined index: caption [APP/View/Articles/view.ctp, line 241]

May 12: Nepali share market has witnessed highest annual transaction of all time. In only ten months of the current fiscal year, NEPSE, the benchmark index of the country’s capital market, has registered highest transaction amount compared to previous annual transactions. “The total transaction amount till May 10 is Rs 995 million which itself is a historical annual transaction amount,” informs a NEPSE source. The transaction amount of Rs 1.1 billion in a single day on May 11 has attributed to cross the annual transaction amount of Rs 100 billion in 10 months.

According to the annual report of NEPSE, transaction amount of Rs 65.33 billion took place in FY 2071/72. Despite being in a bullish trend, total transaction amount in the FY 2071/72 was 15 percent less than the previous FY. The report has attributed the decrease to the last year’s devastating earthquake followed by the border blockade. “Investors of all sectors are attracted towards the bull market. The numbers of liquid investors (investors who have less knowledge on investments but have sufficient money) have sharply risen,” says share analyst Dr Gopal Bhatta. According to him, investors of all kind enter share market in every country when the market follows a bullish trend. It has happened in every bullish period in Nepal too.

Due to the lack of investment opportunity in other sectors, low bank interest rates alongwith easy loan for share investments have strongly supported investments in share market, analysts say. Alongside the surge in the number of investors in the market, daily average share transaction amount is also increasing.

As per the monthly report of NEPSE, average daily transaction has increased to Rs 960 million in 2072 Chaitra from Rs 770 million in 2071 Chaitra.

Along with the growth in size of investment in the market, assets of investors are also growing. In the last FY, total share assets of investors was Rs 989 billion which has increased to Rs 1,596 billion by May 12, 2016. 

Deprecated (16384): Using key `action` is deprecated, use `url` directly instead. [CORE/Cake/View/Helper/FormHelper.php, line 383]
No comments yet. Be the first one to comment.