NEPSE surges 45.69 points, daily turnover increases to Rs 5.25 billion

Published On: May 19, 2024 06:51 PM NPT By: Republica  | @RepublicaNepal

KATHMANDU, May 19: Nepal Stock Exchange (NEPSE) on Sunday increased by a whopping 45.69 points in a positive response expressed by investors to the revised monetary policy.

Through revising the monetary policy for the current fiscal year, Nepal Rastra Bank has raised the limit on sales from investments exceeding one year to 20 percent of primary capital from the existing one percent. This adjustment is expected to boost market supply by allowing banks to sell a larger portion of their investments, thereby enhancing their liquidity and profitability.

In the intraday trading, the secondary market opened at 2,018.76 points and closed at 2,064.45 points. The index initially rose to 2,046.47 points then fell to 2,028.68 points in the first 20 minutes. The market then went to an upward graph and reached the day’s high at 2,068.92 points in the midway of the trading hours.

The sensitive index that measures the performance of ‘A’ class companies also increased by a notable 8.39 points. The daily turnover increased to Rs 5.25 billion from Rs 4.23 billion on Thursday.

All the 13 trading groups added to their market values. Life insurance surged by an average of 438.65 points, the largest of all. Likewise, non-life insurance and manufacturing and processing increased 404.67 points and 107.93 points, respectively.

Among individual companies, 203 were recorded as gainers whereas 40 were the losers.

CEDB Hydropower Development Company Limited had the largest turnover of its shares worth Rs 148.08 million. Sabaiko Laghubitta Bittiya Sanstha Limited was the topmost gainer; Mandu Hydropower Limited lost the highest of 9.99 percent of its market price.  


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