KATHMANDU, April 11: Nepal Stock Exchange (Nepse) on Tuesday increased 27.31 to close at 1,871.33 points.

The secondary market opened at 1,844.02 points, gained 16 points and promptly fell to as low as 1,844.95 points in the first half an hour of the beginning of trading. However, the index successively went to an upward graph and hit the day’s high at 1,871.96 points, before it marginally fell to close for the day.

Stockbrokers said the market index rose as a consequence of the government taking an initiative to reduce the interest rates of banks. Speaking at a program on Tuesday, Prime Minister Pushpa Kamal Dahal and Finance Minister Prakash Sharan Mahat talked about taking down the interest rates in the near future.

All the 13 trading groups had their market prices increase. Manufacturing and processing, with adding 139.91 points, was the topmost gainer among the trading groups.

A total of 201 listed companies were the gainers while only 16 companies faced losses in their market values. The sensitive index that measures the performance of the blue chips companies also gained 5.79 points.

Despite a double-digit growth in the market index, the daily turnover could not cross the Rs 1 billion mark. The transaction volume increased marginally to Rs 945.24 million from Rs 911.97 million on Monday.  

Among the individual companies, Shivam Cements carried out transactions of its shares worth Rs 71.09 million and was recorded on top position on the lists. Kalinchowk Darshan Limited was the highest gainer, while Sanima Middle Tamor Hydropower Limited lost the highest percent of its market value.  

 
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