KATHMANDU, Nov 27: Nepal Stock Exchange (NEPSE) jumped 38.81 points on Wednesday to close at 2,755.47 points.
In the two days after the government appointed the chairperson of the Securities Board of Nepal, the market index has soared by more than 71 points.
The secondary market, which opened at 2,716.66 points, surged to 2,745.4 points in the first three minutes and the index observed nominal fluctuation for over an hour. The index escalated to the day’s high at 2,755.93 points in the next 45 minutes. In the remaining trading hours, the market declined marginally by 0.46 points before it closed for the day.
Nepse surges by 25.57 points, daily turnover doubles to Rs 1.71...
The sensitive index, which measures the performance of ‘A’ class companies, added 3.33 points. The daily turnover jumped to Rs 9.31 billion from Rs 7.44 billion on Tuesday.
Out of the 13 groups, only the finance index declined by 17.64 points. Of the gainers, life insurance led the segment by adding 369.79 points in its index, while trading, development bank and non-life insurance also increased with three-digit points in their indices.
Among the individual companies, 200 were gainers and 38 were the losers. Janaki Finance Company Limited had the biggest turnover of its shares worth Rs 340.11 million.
Seven companies including Bishal Bazar Company, Karnali Development Bank, Corporate Development Bank, Sindhu Bikash Bank, Support Microfinance Bittiya Sanstha, Saptakoshi Development Bank and Manushi Laghubitta Bittiya Sanstha Limited were the largest gainers of 10 percent of their market values. Mithila Laghubitta Bittiya Sanstha Limited was recorded as the topmost loser.
