The Nepal Stock Exchange (Nepse) is launching a mobile application that facilitates easy dissemination of information to users. The new app can be downloaded under the name Nepse. It enables users to view live trading at the secondary market and stay updated with the events, profiles and index fluctuations of individual companies and the details of the stocks traded by brokers on a daily basis, Nepse said.
Speaking at a programme on Sunday, Nepse General Manager Sitaram Thapaliya said that they were starting the mobile application as part of an information campaign to keep people informed about the secondary market. According to him, the new app will become functional in the next two weeks.
Nepse has developed the new app in association with software developer Braindigit IT Solution. The company had been selected through a tender call three months ago.
Presenting a demo of the new app, project manager of Braindigit Sujan Amatya said the user-friendly software would provide updated information about trading at Nepse during business hours. “Likewise, users can also obtain the latest information about the trading situation of an individual company’s stocks,” he said. Besides looking up a company’s financial position, potential investors can also view the schedule of events like the annual general meeting and book closing and notices of bonus offerings.
The app will also provide information on the stocks of a particular company being purchased and sold by the concerned brokers. “People can get the required information by entering the broker’s number.” The app can be operated by using iOS and Android operating systems.
Stocks jump 29.98 points
The Nepse jumped 29.98 points to close at 871.94 points on Sunday. The secondary market had witnessed a drop of 67.86 points last week. Along with the overall index, the turnover also increased to Rs200.68 million. The average daily turnover was recorded at Rs149.14 million last week. The Nepse has been on an upward trend after plunging for four consecutive days last week. The stock market lost more than 100 points during the period. As per stockbrokers, the Nepse has rebounded due to growing demand for stocks of companies showing good financial reports for Q3 and those that did not suffer major damage to their offices or production plants. The sub-indices of all the trading groups except development banks and finance companies were up on Sunday. Hydropower witnessed the largest growth of 119.15 points, followed by insurance, banking, manufacturing and others. Due to the positive trend at the secondary market, market capitalisation rose to Rs895.48 billion.
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