KATHMANDU, July 16: Nepal Stock Exchange (Nepse) on Sunday added 12.16 points to close at 2,097.09 points.
On the last day of the fiscal year 2022/23, the secondary market landed on green, rekindling some hope among the investors for the next fiscal year. According to stockbrokers, the investors were attracted towards less risky stocks including mutual funds and credit instruments, citing the uncertainty over the new monetary policy, which the country’s central bank is likely to launch this week.
On Sunday, the secondary market opened at 2,084.93 points and rose to the day’s high at 2,105.67 points in the first six minutes of trading. But the index went into a straight fall to the day’s low at 2,079.44 points in around the next two hours. Finally the market corrected with a gain of around 18 points in the remaining trading period before it closed for the day.
Nepse up for a fifth consecutive week
In the intraday trading, 93 listed companies gained while 117 companies lost in their market values. The sensitive index that measures the performance of the blue chip companies gained 2.90 points.
Eight out of 13 trading groups were the gainers. Non-life insurance surged 107.30 points, the largest of all. Among the five losers, hydropower lost the biggest of 17.43 points, followed by hotels and tourism, life insurance, trading and finance.
The daily turnover amount stood at Rs 2.376 billion, down from Rs 3.390 billion on Thursday.
Among individual companies, Shivam Cements had the largest transaction of its shares worth Rs 191.31 million. Sunrise Focused Equity Fund gained the highest of 10 percent of its market price, while Liberty Energy Company Limited was recorded as the topmost loser.
