KATHMANDU, October 9: Nepal Stock Exchange (NEPSE) on Thursday inclined 22.59 points following the heavy fall in the past two days.
After Nepal Rastra Bank announced to remove the ceiling of Rs 250 million on share investment amount, the secondary market responded positively. The NEPSE index recovered by one-fifth on the last trading day of this week. In the past two days, the market declined by around 105 points.
The secondary market opened at 2,559.59 points and surged over 100 points in the first three minutes, which forced the frontline regulator to impose circuit breakers for the first 20 minutes. In the next one minute of the reopening of the market, the index surged by 16 points. However, the market went into a straight fall to hit as low as 2,575.97 points in the last four minutes, while the market recovered around seven points in the remaining period before it closed for the day.
Daily turnover crosses Rs 9 billion as NEPSE gains 24.50 points
Except for trading that lost 56.23 points, the remaining 12 groups were registered as gainers. Life insurance and non-life insurance groups gained the largest of 160.71 points and 100.39 points, respectively.
The sensitive index which measures the performance of ‘A’ class companies added 4.84 points. The daily turnover however declined to Rs 5.27 billion from Rs 5.76 billion.
Among the individual companies, 200 were gainers while 41 were recorded as losers. Shivam Cements Ltd had the largest turnover of its shares worth Rs 273.46 million.
Bindhyabasini Hydropower Development Company Limited by adding 8.21 percent in its market price was recorded as the topmost gainer. Three Star Hydropower Limited declined by the highest of 9.09 percent.
