KATHMANDU, Jan 6: Nepal Stock Exchange (NEPSE) on Monday escalated by 49.12 points to close at 2,640.68 points.
The secondary market that opened at 2,591.56 points gained around 19 points in the first 22 minutes while the index remained almost stable for the next half an hour. In the remaining three hours of trading, the market went into an upward run and gained 1.89 percent overall.
According to stockbrokers, investors in recent days are more attracted to benefit from short term rise in share prices rather than looking for long term dividends. In the intraday trading on Monday, the sub-indices of mainly the groups related to banks and financial institutions (BFIs) increased by notable values. These groups were among the main losers on the previous day.
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The sensitive index which measures the performance of ‘A’ class companies added 6.69 points after the blue chips companies attracted investors.
Among the BFIs, development banks jumped 130.45 points while microfinance, finance and banking also gained 36.86 points, 34.28 points and 15.16 points, respectively. As all the 13 groups were recorded as gainers, life insurance with achieving 285.12 points took the lead.
Regarding the individual companies, 226 were gainers while 12 were registered as losers. NRN Infrastructure and Development Limited had the biggest turnover of its shares worth Rs 290.99 million.
Aatmanirbhar Laghubitta Bittiya Sanstha Limited was the topmost gainer. Upakar Laghubitta Bittiya Sanstha Limited and Samudayik Laghubitta Bittiya Sanstha Limited lost the highest of 10 percent of their market values.
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