Monetary policy changes boost stock market, NEPSE index rises by 49.15 points

Kathmandu, February 27 — A monetary policy measure has brought enthusiasm to the stock market.

On Thursday, the NEPSE index increased by 49.15 points, marking the last trading day of the week.

As a result, the market reached 2815.04 points. Along with the rise in the index, the trading amount also increased to NPR 11.39 billion.

In today's market, 244 companies’ shares were traded, with 186 companies seeing an increase in their stock prices.

52 companies saw a decline, while the prices of 6 companies remained stable.

The banking sector saw the highest growth today, with the sector's index rising by 3.32%.

Similarly, the production and processing industry index also increased by 2.91%.

All sub-indices showed growth today, with six of them seeing an increase of more than 1%.

Today, four companies experienced a positive circuit breaker.

The companies that hit the circuit level were Guardian Micro Life Insurance, Upper Hewakhola Hydroelectric, Sindhu Development Bank, and Dordi Khola Hydroelectric Company.

The 7.17% drop in the price of Bhugol Energy was the highest decline of the day.

Himalayan Reinsurance remained the most traded company today.

On Tuesday, Nepal Rastra Bank reviewed its monetary policy and reduced the provisioning rate for good loans provided by banks from 1.10% to 1%.

This measure is expected to increase the banks' profit by approximately NPR 4.5 billion.

The positive impact of the monetary policy on the banking sector has also led to an overall improvement in the market today.