KATHMANDU, June 25: Nepal Stock Exchange (Nepse) on Sunday gained a notable 62.21 points to close at 2,117.73 points.
The week started with a positive vibe creating high expectations among the investors. The secondary market opened at 2,055.53 points and went to an escalating trend almost throughout the trading period. The index hit the day’s high at 2,119.79 points in the last one hour of trading.
According to stockbrokers, the market took an upward graph mainly due to banks taking flexible policy in providing loans along with an increased liquidity with them.
Nepse surges by 25.57 points, daily turnover doubles to Rs 1.71...
In the intraday trading, 189 listed companies gained in their market value while 32 companies were recorded as losers. The sensitive index that measures the performance of the blue chip companies also added a notable 9.64 points.
All the 13 trading groups added in their market values. Of them, life insurance and non-life insurance gained a whopping 891.56 points and 666.97 points. Manufacturing and processing and trading were also the gainers of three-digit points.
The daily turnover amount almost doubled to Rs 6.490 billion. The amount was recorded at Rs 3.444 billion on Thursday. “In recent days, many usual investors have turned up to the market, while a number of new investors have also started entering the market,” said a stockbroker.
Among individual companies, Shivam Cements had the largest transaction of its shares worth Rs 499.07 million. Life Insurance Corporation (Nepal) Limited was the topmost gainer while Shuvam Power Limited lost the highest percent of its market price.
