KATHMANDU, March 28: Nepal Stock Exchange (Nepse) on Tuesday gained 12.41 points to close at 1,918.41 points.
After going into a long-term bearish move, it was the second consecutive day that the secondary market posted a positive note among the investors. According to stockbrokers, the investors reacted positively to the government’s move to appoint a new finance minister.
On Tuesday, the secondary market opened at 1,906 points and reached as high as 1,921.14 points, followed by a decline of 15 points in the first half an hour. The market went to a series of fluctuations throughout the trading hours. The day’s highest index was recorded at 1,936.22 points.
In the intraday trading, 142 listed companies gained in their market value, while only 67 companies registered losses. The sensitive index that measures the performance of blue chip companies increased 2.49 points.
Development banks, finance companies and non-life insurance were the losers. Of the remaining 10 groups, microfinance gained the largest of 115.91 points. The daily turnover increased to Rs 1.44 billion from Rs 1.38 billion on Monday.
Among individual companies, IME General Insurance carried out a transaction of its shares of Rs 61.51 million and topped the list. Super Mai Hydropower Limited was the top gainer, while Terhathum Power Company Limited lost the highest percent of its market price.