Nepse gains 16.54 points to close at 1,866.34 points, daily turnover declines to Rs 1.654 billion on Thursday

Published On: June 1, 2023 06:50 PM NPT By: Republica  | @RepublicaNepal

KATHMANDU, June 1: Nepal Stock Exchange (Nepse) on Thursday gained 16.54 points to close at 1,866.34 points.

 On the third day after the budget announcement, the market bounced back with a double-digit point. In the past two days, the market lost more than 91 points.

On Thursday, the secondary market opened at 1,849.79 points and fell to the day’s low at 1,837.71 points in the first half an hour of trading. The market inclined up in the next moment and hit the highest of 1,876.89 points, while it again shed around 10 points before closing for the day.

In the intraday trading, 171 listed companies were successful in increasing their market values and only 37 companies registered as losers. The sensitive index that measures the performance of the blue chip companies also gained 2.19 points.

All the 13 trading groups had their market prices increased. Non-life insurance posted the biggest gain of 169.39 points.  

The daily turnover amount however declined to Rs 1.654 billion from Rs 2.315 billion on Wednesday.

Among individual companies, Prabhu Bank Limited Promoter Share had the biggest transactions of its shares worth Rs 232.13 million. Joshi Hydropower Development Company Ltd was registered as the biggest gainer while Sunrise Focused Equity Fund was the topmost loser.  


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