List of 12 microfinance companies that hit positive circuit today
July 31, 2019 | Investopaper
After Nepse gained 3.39 points yesterday, the market continued its positive growth as the Nepse index gained 6.20 points today. And the credit goes to the microfinance sector as 12 microfinance companies stock gained 10 percent hitting the positive circuit. As a result, microfinance sub-index gained 3.49 percent today which is the highest among the sub-index gain.
The table below shows the list of 12 microfinance who made it to the top ten gainers list today. Another interesting thing is that 5 out of 12 microfinance companies on the list are those companies who issued IPO to the general public within the last one year period.
TOP 12 MICROFINANCE COMPANIES HITTING POSITIVE CIRCUIT TODAY
| Name of Company | Symbol | LTP | Point Change | % Change |
| Civil Laghubitta Bittiya Sanstha | CLBSL | 550 | 50 | 10 |
| Vijaya Laghubitta Bittiya Sanstha | VLBS | 572 | 52 | 10 |
| Laxmi Laghubitta Bittiya Sanstha | LLBS | 793 | 72 | 9.99 |
| Nepal Agro Laghubitta Bittiya Sanstha | NAGRO | 718 | 65 | 9.95 |
| Nepal Sewa Laghubitta Bittiya Sanstha | NSEWA | 475 | 43 | 9.95 |
| Asha Laghubitta Bittiya Sanstha | ALBSL | 476 | 43 | 9.93 |
| Support Microfinance Bittiya Sanstha | SMB | 476 | 43 | 9.93 |
| Ganapati Laghubitta Bittiya Sanstha | GMFBS | 609 | 55 | 9.93 |
| Mahila Sahayatra Laghubitta Bittiya Sanstha | MSMBS | 521 | 47 | 9.92 |
| Swabhimaan Laghubitta Bittiya Sanstha | SMFBS | 656 | 59 | 9.88 |
Likewise, Sparsha Laghubitta and Mithila Laghubitta also gained more than 9 percent today. The main reason for the surge in the microfinance sector stock lately is due to the disclosure of good financial reports. So, the investors are anticipating similar reports in the coming days from the microfinance companies who will publish the fourth-quarter report in the nearby days.
