As NEPSE gains 69.80 points, daily turnover surges to five-month high at Rs 12.95 billion
KATHMANDU, Feb 2: Nepal Stock Exchange (NEPSE) on Sunday gained a roaring 69.80 points to stand at a two-month high level of 2,727.58 points, while the daily turnover soared to a five-month high at Rs 12.95 billion.
In intraday trading, investors’ attraction towards microfinance companies in particular, takes the market index to cross 2,700 marks. Last time, on December 5, 2024, the NEPSE hit 2,734.93 points. According to stockbrokers, the attraction towards microfinance was overwhelmingly high after many microfinance companies came up with good financial records in the second half of the current fiscal year.
NRB makes stricter rules for microfinance loans
The secondary market opened at 2,657.77 points and successively rose throughout the trading hours. Overall, the market jumped 2.62 percent higher.
All the 13 groups were the gainers. Non-life insurance inclined the largest of 470.43 points, while a total of six groups added three-digit points in their market values.
The sensitive index, which measures the performance of ‘A’ class companies, earned 13.64 points. Daily turnover increased by Rs 3.55 billion to Rs 12.95 billion compared to the transaction of Tuesday, the last transaction day of the previous week.
The turnover on Sunday was the highest in the past five months. Earlier on September 3, 2024, the single day amount was recorded at Rs 13.40 billion in the country’s secondary market.
Among the individual companies, 202 were gainers while only 37 were registered as losers. NRN Infrastructure and Development Limited had the biggest turnover of its shares worth Rs 419.70 million.
Seven companies--Unnati Sahakarya Laghubitta Bittiya Sanstha Limited, Global IME Laghubitta Bittiya Sanstha, Aviyan Laghubitta Bittiya Sanstha Limited, Vijaya Laghubitta Bittiya Sanstha Limited, Bhugol Energy Development Company Limited Grameen Bikas Laghubitta Bittiya Sanstha Limited and NMB Microfinance Bittiya Sanstha-- were the topmost gainers. Samudayik Laghubitta Bittiya Sanstha Limited lost the highest of 10 percent of its market value.
