KATHMANDU, May 23: Nepal Stock Exchange (Nepse) on Tuesday jumped 51.31 points to close at 1,942.63 points.
The secondary market opened at 1,891.31 points and went to an upward movement throughout the trading period. Backed by an improved confidence of investors, the market gained more than 100 points in the past week.
Stockbrokers said falling lending rates of banks and an increased investors’ expectation that the upcoming budget will endorse stock exchange friendly policies had triggered up the demand at the country’s secondary market.
Daily turnover records three-month high at Rs 13.18 billion as...
In the intraday trading on Monday, 219 listed companies added to their market prices, while two companies registered as losers. The sensitive index that measures the performance of the blue chip stocks also inclined 8.83 points.
All the 13 groups registered as gainers. Life insurance, non-life insurance, manufacturing and processing, microfinance and hotels and tourism added three-digit points in their indices.
The daily turnover amount was recorded at Rs 2.20 billion, more than Rs 1.278 billion on Monday. The transaction amount was the highest in the past three months.
Among individual companies, Shivam Cements had the biggest transactions of its shares worth Rs 100.51 million. Kalika Laghubitta Bittiya Sanstha Limited was registered as the topmost gainer while Sunrise First Mutual Fund lost the highest percent of its market price.
