KATHMANDU, Feb 22: Nepal Stock Exchange (Nepse) on Wednesday gained 33.57 points to close at 2,080.38 points.
The secondary market opened at 2,046.81 points and went through a series of fluctuations. The market hit the day’s high at 2,084.03 points in the last 45 minutes of the trading hours, before it closed for the day.
With a constant fall, Nepse in the past few days had lost more than 140 points. On Wednesday, the market bounced back after the investors rushed to purchase shares citing that the market had gone to very low points, according to stockbrokers.
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In the intraday trading, 165 companies gained in their market values, while 49 companies registered in the losers’ lists. The sensitive index that measures the performance of blue chip companies also added up 4.81 points.
The daily turnover, however, dropped to Rs 1.803 billion, a decline from Rs 1.94 billion recorded on Monday. The market remained closed on Tuesday as the government declared a public holiday on Tuesday to mark the ‘Gyalpo Lhosar’ festival.
Three out of 13 trading groups including microfinance, trading and mutual funds lost in their average market values. Of the remaining 10 groups, life-insurance and non-life insurance secured three-digit gains.
Among individual companies, Himalayan Distillery Limited had the biggest transaction amount of its shares worth Rs 132.77 million. Liberty Energy Company Limited secured the largest percent gain to its market price, while Adarsha Laghubitta Bittiya Sanstha Limited led the row of the topmost losers.
