KATHMANDU, July 16: Nepal Stock Exchange (NEPSE) surged 34.61 points to close at 2,794.78 points on Wednesday.
Likewise, the daily turnover also jumped to Rs 14.03 billion from Rs 9.41 billion from the previous day. Last time, both the single day turnover and market index were recorded at the equivalent levels in the first week of March.
The secondary market opened at 2,760.17 points and successively swelled to the day’s high at 2,803.75 points within three hours of trading. In the remaining one hour, the index shed around nine points before the market closed for the day.
Revised interest rate corridor system introduced
Except for the trading group that lost 7.55 points, all the other 12 groups were the gainers. Non-life insurance added an impressive 231.48 points, followed by development banks with 221.30 points, and manufacturing and processing with 100.90 points.
The sensitive index, which measures the performance of ‘A’ class companies, surged 7.86 points, due to a whopping rise in share prices of the banks and financial institutions.
Among the individual companies, 193 were gainers while 55 were recorded as the losers. Butwal Power Company Limited had the largest turnover of its shares worth Rs 618.72 million.
KBL Debenture 2090 and Three Star Hydropower Limited were registered as highest gainers by adding 10 percent in their market values. Mai Khola Hydropower Limited lost the largest of 7.87 percent.
