Published On: July 27, 2024 05:17 PM NPT By: Republica | @RepublicaNepal
KATHMANDU, July 27: The Nepal Stock Exchange (NEPSE) continued to rally in a bull trend last week, by adding 143.79 points in the index.
The investors regained their confidence in the share market with the formation of a new government led by CPN-UML leader KP Sharma Oli. As a result, the market added around 500 points in the past three weeks.
Last week, the secondary market opened at 2,424.32 points on Sunday and closed at 2,568.11 points on Thursday. The index reached as high as 2,600.41 points and as low as 2,408.25 points, witnessing a volatility of 192.16 points.
In five day trading last week, the market index escalated four days. On Sunday, the market opened for the week at a positive note by adding 61.61 points. On Monday, it increased slightly by 2.15 points, followed by an impressive gain of 75.33 points on Tuesday. The market corrected by a decline of 27.32 points on Wednesday. Finally, the market closed for the week by adding 32 points on Thursday.
All the 13 groups were successful in increasing their market values. Non-life insurance gained the highest of 947.13 points. Life insurance, and manufacturing and processing added 743.54 points and 626.56 points, respectively. The heavyweight banking index also surged 70.54 points. A total of nine groups had their indices increased by three-digit points in the review period.
Among individual companies, Himalayan Reinsurance Limited had the largest transaction of its shares worth over Rs 1.47 billion. Nepal Finance Limited gained the highest of 39.21 percent (391.20 points). The price of Sikles Hydropower Limited dropped the most by 12.90 percent (125.40 points).
The total turnover amount increased to Rs 73.61 billion from Rs 53.09 billion in the previous week. The average daily turnover also inclined to Rs 14.72 billion from Rs 10.61 billion.
Market capitalization escalated to Rs 4.074 trillion from Rs 3.846 trillion during the review week, which gave the investors with capital gains of Rs 228 billion in their portfolio. In the previous week, investors had their capital gains of more than Rs 35 billion.
KATHMANDU, June 3: Nepal Stock Exchange (Nepse) plunged 92.78 points last week with the budget for the Fiscal Year (FY) 2023/24... Read More...
KATHMANDU, April 22: Nepal Stock Exchange (Nepse) last week lost 30.07 points despite the ongoing problem in the government’s finance and... Read More...
KATHMANDU, Jan 28: Nepal Stock Exchange (Nepse) last week increased marginally by 4.40 points after the banks posted not so encouraging... Read More...
Leave A Comment