Nepse gains 16.32 points backed by buying spree of investors on Tuesday

Published On: May 24, 2022 05:10 PM NPT By: Republica | @RepublicaNepal

KATHMANDU, May 24: Nepal Stock Exchange (Nepse) gained 16.32 points on Tuesday due to the investors’ rush to purchase shares at the minimum possible prices after the secondary market fell to a very low mark on Monday.

The secondary market that opened at 2,200.88 points went to as low as 2,190.74 points while it surged to a maximum of 2,227.35 points in the intraday trading before closing finally at 2,217.19 points. Despite the buying spree seen at the market, the turnover amount stood at mere Rs 1.08 billion.

Except for trading and mutual fund, the rest of 11 trading groups witnessed a loss in their average performance. Nine groups posted a double-digit gain on Tuesday.

NIC Asia Laghubitta Bittiya Sanstha Limited Promoter Share had the largest transaction of its shares worth Rs 48.48 million. Laxmi Laghubitta Bittiya Sanstha Limited gained the highest percent while Corporate Development Bank Limited was the topmost loser.