KATHMANDU, Jan 8: Nepal Stock Exchange (Nepse) last week increased by a whopping 114.90 points after Nepal Rastra Bank (NRB) turned flexible on its policy in favor of the private sector.
In the past two weeks, the index soared by 275 points. Last week, the secondary market opened at 2,029.03 points on Sunday and closed at 2,143.93 points on Thursday.
Over the weekdays, the market went as high as 2,159.82 points, while the index hit as low as 2,028.74 points. Overall, the market witnessed fluctuations of 131.08 points.
Nepal's cement exports halted due to India's failure to renew q...
The market started with a gain of 17.24 points on Sunday, which was followed by a gain of 17.83 points on Monday. The market corrected by a fall of 3.03 points after the investors rushed to book profits out of the gain in the previous two days.
On Wednesday, the market gained a whopping 64.78 points on the back of NRB revising the working capital loan guidelines, which the private sector has long been demanding the central bank to amend. Finally, the market closed for the week with adding 18.09 points on Thursday.
All the 13 trading groups gained in their average share prices last week. Of them, trading and hotels and tourism escalated by the highest 20.06 percent and 14.11 percent, respectively.
Total turnover increased to over Rs 19 billion from Rs 10.99 in the previous week. The daily turnover inclined to Rs 3.80 billion from Rs 3.01 billion. Market capitalization surged from Rs 2.934 trillion to Rs 3.101 trillion.
Among individual companies, Himalayan Distillery Limited had the largest transaction of its shares worth Rs 1.303 billion.
-1200x560_20240315110144.jpg)
Continue with Google