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NEPSE’s daily turnover hits Rs 4.60 billion as investors flock to development banks

KATHMANDU, Jan 2: Nepal Stock Exchange (NEPSE) on Thursday increased marginally by 4.63 points to close at 2,586.23 points.
By REPUBLICA

KATHMANDU, Jan 2: Nepal Stock Exchange (NEPSE) on Thursday increased marginally by 4.63 points to close at 2,586.23 points.


The daily turnover, which fell steeply to Rs 3.59 billion on Wednesday, increased nominally to Rs 4.60 billion on the following day. The nominal rise has been attributed to the increased attraction of investors to development bank groups, the index of which rose by the highest of 2.40 percent on Thursday. Likewise, a number of development banks also made notable rises in their share prices in the intraday trading.


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The sensitive index which measures the performance of ‘A’ class companies, however, slid by 0.12 percent.


Five groups including banking, investment, microfinance, trading and ‘others,’ were the losers of the day. Out of the eight gainers, development bank and hydropower were among the largest gainers.


Among the individual companies, 156 were gainers while 77 were registered losses. NRN Infrastructure and Development Limited had the biggest turnover of its shares worth Rs 218.21 million.


Nyadi Hydropower Limited added the largest of 10 percent in its market value. Support Microfinance Bittiya Sanstha had the biggest plunge of 5.02 percent and was registered as the topmost loser. 


 

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