On the second trading day of the week, investors in the secondary market are attracted to microfinance companies. The share price of most microfinance companies has risen on this day.
Most of the microfinance companies are in the list of top 10 companies whose share price has risen on Monday. On this day, the share price of all MFIs and civil MFIs has risen by more than 8 percent. Similarly, the share price of HIDCL has risen by 7.63 percent on this day while the growth rate of other companies has been less than 5 percent.
Best Finance’s share price fell the most at 5.48 percent on the day. Similarly, Reliance Finance’s share price fell 4.98 percent. The share price of Radhi Power Company, which has announced to distribute 36.5 percent bonus shares, has dropped 4.68 percent on this day.
The index of the microfinance subgroup rose the most at 2.19 percent on the day, with the share price of most microfinance companies rising. Similarly, the index of investment subgroup also increased by 2.14 percent on this day. Similarly, the indices of hotel and tourism sub-group increased by 0.57 percent and that of banking by 0.36 percent. The index for the finance subgroup fell the most at 2.59 percent, while that of hydropower fell 2.23 percent.
Upper Tamakoshi tops the list in terms of turnover. Shares of the company worth Rs 669.4 million have been bought and sold on this day. Similarly, more than 500 million shares of Nepal Insurance, Radhi Power Company and NIC Asia have been bought and sold on this day.
On Monday, the Nepse index increased by 5.11 points and reached 2875.49 points. Similarly, the Sensitive Index rose by 4.17 points to 533.57 points on this day. A total of 192.82 million shares worth Rs 7.72 billion were traded in 81,300 transactions of 219 companies on the day.