KATHMANDU, July 28: Nepal Stock Exchange (NEPSE) on Sunday jumped 113.42 points to hit a 29 months high record at 2,681.56 points, after the monetary policy for the next fiscal year boosted the confidence of share investors.
In the intraday trading, the authority imposed circuit breaker twice within half an hour of the commencement of transaction. The market that opened at 2,568.11 points jumped to 2,656.02 points in the first minute of trading, which made the authority to impose the first circuit breaker. It was in the next 21 minutes that the second circuit breaker was imposed in the secondary market, when the index soared to 2,697.21 points. The index reached the day’s high at 2,708.58 points at 12:02 pm.
However, the market witnessed a straight downfall to as low as 2,624.77 points within the next few minutes after the investors rushed to book their capital gains. The market recovered around 57 points in the remaining period before it closed for the day.
NEPSE increases by 19.97 points, daily turnover escalates to Rs...
The sensitive index that measures the performance of ‘A’ class companies increased by a whopping 26.78 points, mainly due to the banking sub-index increasing 141.76 points. The daily turnover also increased to Rs 15.81 billion from Rs 14.13 billion on Thursday.
Out of 13 groups, only microfinance shed 10.06 points. Life insurance posted the highest gain 519.27 points. Non-life insurance, development bank, banking, manufacturing and processing were the gainers of three-digit points.
Among individual companies, 148 were recorded as gainers whereas only 87 were the losers.
Kumari Bank Limited had the largest turnover of its shares worth Rs 361.00 million. Nepal Investment Mega Bank Limited along with 11 other banks gained 10 percent of their market values. Ganapati Laghubitta Bittiya Sanstha Limited lost the highest of 9.35 percent of its market price.
