Nepse gained 73.27 points, while investors earned Rs 107 billion from shares transaction last week

Published On: June 10, 2023 06:03 PM NPT By: Republica  | @RepublicaNepal

KATHMANDU, June 10: Nepal Stock Exchange (Nepse) gained 73.27 points last week amid the investors’ dilemma over the government’s income tax policy for the shares investors.

The market opened at 1,866.34 points on Sunday and it closed at Rs 1,939.61 points on Thursday. During this period, the market rose to as high as 1,950.57 points and as low as 1,865.73 points, resulting in a fluctuation of 84.84 points in the share market.

In the five days of trading, the market shed its overall share prices only on Monday. The market opened with a notable gain of 53.03 points after the government announced to annul the new rules of taxation in share transactions that was imposed through the budget announcement the previous week.

With a fall of 17.38 points, the market went into correction on Monday. On Tuesday, the index surged 25.66 points, while adding marginal values of 4.68 points and 7.27 points, on Wednesday and Thursday, respectively. 

All the 13 trading groups had their market indices increased. Out of them, non-life insurance added 1,271.63 points while life insurance, hotels and tourism, trading, development bank, hydropower and microfinance gained three-digit points.

The total turnover amount increased to Rs 10.285 billion from Rs 8.951 billion in the previous week. During the review period, the daily turnover amount fell to Rs 2.057 from Rs 2.237 billion.

Among the individual companies, Shivam Cements with a turnover of its shares worth Rs 625.64 million topped the transaction volume. IGI Prudential Insurance Limited had the largest gain of 27.82 percent and Summit Laghubitta Bittiya Sanstha Limited lost 6.76 percent and stood on top in the category.

The market capitalization inclined to Rs 2.831 trillion from Rs 2.724 trillion. As a result, the investors gained Rs 107 billion from their investment portfolio.


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