KATHMANDU, May 20: Nepal Stock Exchange (NEPSE) gained 49.09 points after the investors were drawn to purchase shares due to the possibility of the government appointing the governor of Nepal Rastra Bank (NRB) on Tuesday.
The secondary market opened at 2,628.36 points and remained almost stable until over two and a half hours of trading. In the last one hour and 15 minutes, the market witnessed a dramatic rise, finally closing at 2,677.45 points.
Nepse slumps 96 points amid heavy correction
All the 13 groups had their indices grow. Hotels and tourism jumped 236 points up, which was followed by non-life insurance (215.54 points), life insurance (176.13 points), development bank (157.88 points) and manufacturing and processing (134.64 points).
The sensitive index, which measures the performance of ‘A’ class companies, increased a notable 8.68 points. Daily turnover amount, however, declined to Rs 7.31 billion from Rs 7.35 billion on Monday.
Among the individual companies, 229 were gainers while 15 were the losers. Radhi Bidyut Company had the biggest turnover of its shares worth Rs 418 million.
Sindhu Bikash Bank and Saptakoshi Development Bank were registered as the topmost gainers. Wean Nepal Laghubitta Bittiya Sanstha Limited shedded the largest of 3.09 percent of its market value.
