Nepse gains double-digit points on buying spree triggered by ‘progress toward local elections’

Published On: February 1, 2022 06:10 PM NPT By: Republica  | @RepublicaNepal


Nepse gains double-digit points on buying spree triggered by ‘progress toward local elections’

KATHMANDU, Feb 1: Nepal Stock Exchange (Nepse) index gained 19.29 points on Tuesday after the government stepped up to fix the date of local elections.

The secondary market that opened at 2,872.05 points for trading plunged as low as 2,856.38 points during the first few minutes of the commencement of trading. In the second half of the trading hours, the market successively followed the upward graph to finally close at 2,891.33 points.   

Nine out of 13 groups gained in Tuesday’s trading. The index of the hydropower group surged the largest by 109.04 points. Trading, hotels and tourism, manufacturing and life insurance were among the losers.

The transaction volume increased to Rs 6.57 billion from Rs 5.15 billion on Monday. Wean Nepal Laghubitta Bittiya Sanstha was the top gainer whereas Nerude Laghubitta Bittiya Sanstha was the top loser in the intraday trading. 

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