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Thursday 27 May 2021, Kathmandu

The Nepal Stock Market (NEPSE) has seen the highest turnover in history. Today NEPSE broke all previous records in terms of turnover and recorded 14.77 billion NPR. The previous highest turnover was recorded just four days ago on May 23 when 131.17 billion NPR worth stocks were traded. 

Despite the central bank tightening policy for the banking sector to trade stocks, the market showed strong support and bounced back to close at a minimal -0.04% from the day’s opening. NEPSE closed at 2815.40 points. Hydropower index (HYDPOWIND) was the highest gainer with a 4.57% change followed by the development bank index (DEVBANKIND) which increased 3.48% than the previous closing. The microfinance index (MICRFININD) lost more than 3.41 points than yesterday closing. The central bank of Nepal announced an updated monetary policy for banks where the banks were not allowed for short term trading of less than 1 year and were also not allowed to buy the share of microfinance companies. Though the central bank has given the time until Paush of this year, to settle the stocks of microfinance companies previously bought, the microfinance stocks were hit the hardest.    

Table: Nepse and subindex on May 27, 2021 

Index CodeIndex ValuePrev. ClosePoint Change% Change
NEPSE2,815.402,816.60-1.2-0.04
SENSIND503.71503.99-0.28-0.06
MICRFININD5,435.065,626.75-191.69-3.41
HYDPOWIND3,016.472,884.69131.784.57
HOTELIND3,382.293,397.12-14.83-0.44
SENSFLTIND163.95163.780.170.11
DEVBANKIND3,451.993,335.81116.183.48
OTHERSIND2,196.932,220.95-24.02-1.08
MANPROCIND5,850.465,817.8632.60.56

Nevertheless, the traders showed a lot of enthusiasm on hydropower stocks which received positive news early morning that they could apply for the right share to clear their bank loans. Possibly with the expectation of the right share, the hydropower stocks were bought in huge volume. The top 10 most turnover companies were all hydropower except for one company, Nepal Re-Insurance Company Limited (NRIC). The top three highest turnover companies were Api Power Company(API), Arun Kabeli Power Ltd. (AKPL), Chilime Hydropower company (CHCL) with a turnover of 433 million, 377 million and 370 million respectively. All top 10 gainers were hydropower companies and the top 10 losers were microfinance companies. 

Recently, NEPSE has been breaking records frequently. After the availability of the online trading platform, the daily users in the stock market have been increasing exponentially. Though there is a huge craze of filling Initial Public Offering (IPO) or investing in the primary market, among Nepalese people, the number of people trading in the secondary market is low. However, due to the current pandemic situation and strict lockdown enforcement, investment options are limited in Nepal and the investors have been enjoying the bull run of NEPSE.

(Data availability from NEPSE official website)

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