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KATHMANDU, July 3: The Nepal Stock Exchange (NEPSE) index continued its upward momentum for the fifth consecutive trading day, rising by 9.14 points on Thursday, to close at 2,703.96 points. The day’s total market turnover reached Rs 9.64 billion.
The secondary market opened at 2,700.17 points and reached 2705.64 points in the first 14 minutes before plunging to the day’s low of 2686.71 points in the following 18 minutes.
After multiple cycles of surge and shrivel, the index escalated to the day’s peak of 2716.14 points with 36 minutes remaining in the four-hour trading period.
Daily turnover soars to Rs 9.27 billion despite NEPSE index fal...
However, it declined by 12.18 points in the final 35 minutes before it closed for the day.
Out of the trading subgroups, eight showed positive growth, with the finance subgroup leading the surge, gaining 4.09 percent. Meanwhile, five indices saw a decline- namely, hotels, hydropower, investment, microfinance, and trading sectors.
Investors in 122 companies booked profits. Nepal Finance Limited saw the highest gain of the day with a 9.98 percent rise in its share price, followed by Khanikhola Hydropower (up by 7.17 percent) and Samriddhi Finance (up by 7.08 percent).
However, share prices of 125 companies declined. Saptakoshi Development Bank hit the lower circuit limit, while Gurans Laghubitta fell by 9.95 percent.
Butwal Power Company led the market in transaction volume with shares worth Rs 316.8 million traded. It was followed by Sahas Urja (Rs 272.8 million) and Saptakoshi Development Bank (Rs 262.6 million).
On Wednesday, the NEPSE index had surged by 34.42 points to close at 2,694.82, with a trading volume of Rs 9.74 billion.
