Nepse jumps 40.48 points up, daily turnover records four-month high at Rs 3.454 billion on Sunday

Published On: June 11, 2023 07:25 PM NPT By: Republica  | @RepublicaNepal

KATHMANDU, June 11: Nepal Stock Exchange (Nepse) on Sunday increased by a whopping 40.48 points to close at 1,980.09 points.

The secondary market opened at 1,939.61 points and gained around 21 points within a few minutes of trading. The market then lost 11 points before going into an escalating mode, gaining 2.09 percent before it closed for the day. 

According to stockbrokers, the market bounced back after Nepal Rastra Bank published the macroeconomic report of 10 months, which shows most of the macroeconomic indicators of the country going into a positive line.

In the intraday trading, 212 listed companies were successful in adding to their market values, while six companies registered as losers. The sensitive index that measures the performance of the blue-chips companies also gained 6.10 points.

All the 13 trading groups gained in their market values. Life insurance, manufacturing and processing, non-life insurance and development banks added three-digit points and were registered as big gainers.

The daily turnover amount soared to Rs 3.454 billion from Rs 2.305 billion on Thursday. The traded amount was the highest in the last four months.  

Among individual companies, Citizen Investment Trust having turnover of its shares worth Rs 114.72 million topped in terms of the transaction amount. Likewise, Bhugol Energy Development Company Limited was the biggest gainer, while Global IME Balance Fund-1 lost the highest percent of its market price.


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