Nabil Bank occupies more than 28% of the total transaction; Huge sales recorded despite decrease in price

The stock market today decreased by 8.05 points to end the first trading day of new fiscal year 2075/76. The stock market did not show any unusual activities except one.

The stock of Nabil Bank Limited (NABIL) topped the charts of being the top stock by turnover and top stock by units traded. The total turnover for NABIL stood more Rs 5.81 crore. The total turnover of the market was Rs 20.60 crore. NABIL Bank occupied more than 28% of the total transaction made during the day.

Likewise, 64,608 units of NABIL was traded during the day which was 12.5% of the total units of shares traded in the market.

Broker no. 19, 17 and 22 were involved in the transaction of the most number of shares of Nabil Bank. The 3 brokers sold shares of Nabil Bank worth Rs 5.76 crore out of the total sales of Rs 5.81 crore which could mean that a single investor might have sold huge holding of the shares.

The major shareholders of the company as per the annual report of FY 2073/74 are:

The reason for the sale of such huge amount of shares is still unknown. But there are speculations in the market that one of the huge shareholders have sold the shares. The fact that the shares were sold at decreased price has also attracted the interest of the stakeholders.