KATHMANDU, July 17: Daily turnover at Nepal Stock Exchange (NEPSE) jumped to 11-month high at 16.59 billion as the market index rose to 75.84 points on Thursday.
Last time, the single day turnover amount was recorded at Rs 18.46 billion on August 27, 2024. The market went downhill since the date.
For the past few days following the announcement of monetary policy by Nepal Rastra Bank, the secondary market has bounced back with a surge in both market index and daily transaction volume. On Wednesday too, the daily turnover was recorded at Rs 14.03 billion, a four-month high.
Daily turnover soars to Rs 9.27 billion despite NEPSE index fal...
The secondary market opened at 2,794.78 points and escalated subsequently throughout the trading period. Overall, the market gained 2.71 percent.
All the 13 trading groups were the gainers. Along with life insurance that added the highest of 417.28 points, a total of eight groups had their indices inclined by three-digit points.
The sensitive index, which measures the performance of ‘A’ class companies, surged an impressive 11.22 points, due to a whopping rise in share prices of the banks and financial institutions.
Among the individual companies, 240 were gainers while only nine were recorded as the losers. Nepal Reinsurance Company Limited had the largest turnover of its shares worth Rs 844.27 million.
Trade Tower Limited was the topmost gainer. NIBL Stable Fund lost the largest of 7.58 percent.
