NEPSE crosses 1000 level after a year; New Monetary Policy brings cheers among the investors; Turnover above Rs 54 crore
ShareSansar, July 23:
The day of cheer among the investors in the secondary as the benchmark index boomed up by huge 40.11 points or 4.16 percent to close above 1000 level at 1003.38 mark index.
The total turnover of the day crossed Rs 50 crore and amounted Rs 54.13 crore. As of today 1,177,823 unit shares of 152 scrips were traded.
The local bourse was around 970 level till 2 PM and thereafter as the monetary policy was announced, NEPSE index crossed the level of 1000.
As per the monetary policy announced today, Commercial banks will have to increase their Paid-Up capital up to minimum of Rs 8 arba till 2074 BS. Whereas National level Development banks have to maintain minimum Paid-Up of Rs 2.56 arba.
10 district and 3 district development banks have to increase their Paid-Up up to minimum of Rs 1.2 arba and 40 crore respectively.
National level Finance companies have to maintain their paid-up of minimum Rs 90 crore whereas 1-3 district Finance companies are required to maintain minimum paid-up of Rs 40 crore.
This is seen as an opportunity for investors as everyone is curious about what steps the Banks and FI’s might take in coming days to meet the requirements.
Banking index surged up by 57.28 points or 6.85 percent to close at 893.02 level. Development index gained 25.89 points or 3.09 points.
Finance and Insurance gained 6.01 and 71.12 points respectively. Others up by 5.87 points.
Share Price of 15 companies surged up more than 9 percent where maximum of them faced upper circuit break. Commercial banks like SCB, LUBL, SBL and EBL surged maximum today.
Maximum trading were done of commercial banks like KBL, NBB, NBL, CZBIL, PCBL, SBL and CCBL.
