KATHMANDU, Aug 7: Nepal Stock Exchange (NEPSE) recovered 108.35 points on Wednesday, the very next day of Tuesday when it plunged by a record-high 145.05 points.
The secondary market opened at 2,651.32 points and escalated to 2,711.14 points in the first six minutes. However, it went into a straight fall of 80 points in the next seven minutes. In the remaining period, the market went through an upward graph almost throughout the trading hours, finally closing at 2,759.67 points.
Nepse in weekly correction but selling pressure eases off
The sensitive index, which measures the performance of ‘A’ class companies, also increased by a notable value of 18.90 points. The daily turnover declined to Rs 17.95 billion from the record high amount of Rs 23.71 billion on Tuesday.
All the 13 groups were the gainers. Life insurance index posted the largest inclination of 510.98 points. Ten groups added three-digit points to their indices.
Among individual companies, 239 were recorded as gainers whereas only three were the losers.
Himalayan Reinsurance Limited had the largest turnover of its shares worth Rs 1.53 billion. Nine companies including Bottlers Nepal (Balaju) Limited, Goodwill Finance, Samriddhi Finance Company, Progressive Finance, Nepal Reinsurance Company, Mailung Khola Jal Vidhyut Company, Dolti Power Company, City Hotel Limited and Himalayan Reinsurance Limited were listed as the biggest gainers, each adding 10 percent to their market values. Sanima Bank Limited Debenture was recorded as the biggest loser.
