KATHMANDU, Dec 20: Nepal Stock Exchange (NEPSE) on Wednesday posted the past one-year highest single day transaction amount while the index also broke the past five months’ records.
According to NEPSE, the single-day trade volume which once fell to around Rs 500 million escalated to Rs 7.009 billion on Wednesday. Similarly, the market surged by 35.39 points to close at 2,141.87 points.
In intraday trading, the secondary market opened at 2,106.48 points and plunged to the day’s low at 2,112.43 points in the first 14 minutes of trading. The index went through a series of fluctuations to hit the day’s high at 2,150.99 points in the last half an hour of the trading time. The market finally closed by shedding around nine points in the remaining period.
The sensitive index that measures the performance of ‘A’ class companies also added 4.93 points. The daily turnover amount escalated to one year high from Rs 5.98 billion on Tuesday.
Two groups including hotels and tourism, and non-life insurance lost 115.18 points and 10.14 points, respectively. Out of the 11 gainers, manufacturing and processing posted the highest gain of 400.38 points, followed by life insurance (231.53 points) and trading (179.17 points).
Among individual companies, 161 were recorded as gainers whereas 78 companies were the losers.
Shivam Cements Ltd had a transaction of its shares worth Rs 373.49 million and stood topmost in the trade volume. Bottlers Nepal (Balaju) Limited, with adding 10 percent to its market price, was recorded as the largest gainer. Kumari Dhanabriddhi Yojana lost the highest of 3.82 percent of its market value.