KATHMANDU, March 27: Nepal Stock Exchange (Nepse) on Monday added 17.70 points to close at 1,906 points.
The secondary market recovered with the double digit points just on the next day of the notable decline on the market index. According to stockbrokers, the market responded positively with the government almost reaching consensus on the appointment of the new finance minister.
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The market opened at 1,888.30 points and fell to as low as 1,865.75 points in the first one hour of the trading. In the next half an hour, the market gained 19 points, while the market stood almost stable for the next two hours before escalating by around 30 points to close for the day.
In the intraday trading, 167 listed companies gained in their market value, while only 44 companies registered as losers. The sensitive index that measures the performance of blue chip companies increased 2.04 points.
Only microfinance index downsized by 17.03 points, while the remaining 12 trading groups were registered in gainers lists. Life insurance and non-life insurance secured three-digit points gain. Daily turnover increased to Rs 1.38 billion from Rs 1.28 billion on Sunday.
Among individual companies, Himalayan Distillery Limited was registered on the top list of the single day transaction, with trading of its shares worth Rs 59.08 million. Super Mai Hydropower Limited was the top gainer, while National Microfinance Laghubitta Bittiya Sanstha Limited lost the highest percent of its market price.
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