Nepse adds up 22.65 points, daily turnover marginally improves to Rs 1.29 billion on Monday

Published On: March 20, 2023 07:53 PM NPT By: Republica  | @RepublicaNepal

KATHMANDU, March 20: Nepal Stock Exchange (Nepse) on Monday added 22.65 points to close at 1,949.06 points.

The secondary market opened at 1,926.40 points and gained 18 points in the first 20 minutes of trading. However, the market fell in the next moment to hit 1,930.91 points before escalating again in the remaining period to close for the day.  

The stockbrokers said that the investors maintained the hope that the Pushpa Kamal Dahal-led government will take full shape after securing the vote of confidence on Monday, taking the market index on the upward graph.

In the intraday trading, 178 listed companies gained in their market values, while 33 companies registered as losers. The sensitive index that measures the performance of blue chip companies gained 2.95 points.

Despite having double-digit gain in the market index, the daily turnover could not post an encouraging value. The amount improved to Rs 1.298 billion from Rs 1.069 billion on Sunday.  

All the 13 trading groups gained in their market values. Life-insurance got an additional 94.31 points, the largest of all, while a total of 10 groups gained double-digit points.   

Among individual companies, IME General Insurance was registered on the top list of the single-day transactions of its shares worth Rs 76.392 million. Unique Nepal Laghubitta Bittiya Sanstha Limited was the topmost gainer, while Support Microfinance Bittiya Sanstha lost the highest percent of its market price.  

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