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ECONOMY

NEPSE inclines third consecutive day; daily turnover inches up to Rs 4.05 billion

Nepal Stock Exchange (NEPSE) on Wednesday increased marginally by 5.70 points to close at 2,625.70 points.
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By REPUBLICA

KATHMANDU, Dec 17: Nepal Stock Exchange (NEPSE) on Wednesday increased marginally by 5.70 points to close at 2,625.70 points.



This is the third consecutive day in the row that the country’s share market moved with positive notes. On Monday and Tuesday, the market added around 6.74 points and 18.37 points, respectively.


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In the intraday trading, the secondary market opened at 2,619.99 points and witnessed a fluctuation of around 13 points reaching the day’s high at 2,632.81 point in the first 1 hour and 37 minutes. The index gradually declined and hit as low as 2,619.65 points in the last 14 minutes, while it recovered around six points in the last few minutes before the market closed for the day.   


Three groups were the losers, with non-life insurance having the largest fall of 40.06 points, followed by hotels and tourism and trading. Of the 10 gainers, the life insurance index escalated by the highest of 87.81 points.


The sensitive index which measures the performance of ‘A’ class companies increased 1.18 points. The daily turnover increased to Rs 4.05 billion from Rs 3.29 billion. 


Among the individual companies, 143 were gainers while 104 were recorded as losers. Union Hydropower Limited had the largest turnover of its shares worth Rs 227.85 million.


Swastik Laghubitta Bittiya Sanstha, by gaining 10 percent, was listed as the highest gainer. Barahi Hydropower Public Limited was the topmost loser. 

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