Nepse rises by around 95 points on Sunday after regulator’s concern to address share market issues

KATHMANDU, June 26: Nepal Stock Exchange (Nepse) jumped by 94.92 points in the first day trading after the Securities Board of Nepal (Sebon) expressed its concern to address the inefficiencies prevailing in the country’s share market on Friday.

On Sunday, the secondary market opened at 1862.06 points and closed at 1,956.98 points. The single-day transaction also surged to Rs 2.19 billion, after more than one month of rallying in around Rs 1 billion.

The sensitive index that measures the performance of blue chips companies also increased 17.93 points. All 13 trading groups posted a gain in their average share prices, with nine groups — hydropower, trading, hotels and tourism, development bank, finance, manufacturing and processing, life-insurance, non-life insurance and microfinance — adding a three-digit gain to their indices.

Among individual companies, Kumari Bank Limited had the largest transaction of its shares worth Rs 86.43 million. CYC Nepal Laghubitta Bittiya Sanstha Limited gained the highest percent in its share price while Nepal Investment Bank Bond 2084 was the topmost loser.