Nepse surges 54.45 points on Monday, second consecutive day gain after NRB issued monetary policy

Published On: July 25, 2022 04:00 PM NPT By: Republica  | @RepublicaNepal

KATHMANDU, July 25: Nepal Stock Exchange (Nepse) on Monday surged by 54.45 points to close at 2,132.96 points.

Just in the two days of transactions this week, the market has gained over 115 points. The stockbrokers said investors seem to regain hope that the economy could head on a correction path with the Nepal Rastra Bank’s monetary policy, which induces them to purchase more shares.

On Monday, the secondary market opened at 2,078.51 points and went into an upward graph from the commencement of the intraday trading. The sensitive index that measures the performance of the blue chips companies surged by 9.05 points.

All 13 trading groups posted gains in their indices, with seven of them adding a three-digit point growth in their average shares prices. The total turnover leapt to Rs 4.10 billion, up from Rs 2.73 billion on Sunday.

Among individual companies, Shivam Cements had the largest transaction of its shares worth Rs 152.92 million. Balephi Hydropower Limited was the topmost gainer in terms of a rise in its share price while Manjushree Finance Ltd Debenture 2085 was the biggest loser.


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