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ECONOMY

Nepse escalates by 18.09 points, while daily turnover crosses Rs 5 billion

KATHMANDU, Jan 5: Nepal Stock Exchange (Nepse) on Thursday gained 18.09 points to close at 2,143.93 points.
By Republica

KATHMANDU, Jan 5: Nepal Stock Exchange (Nepse) on Thursday gained 18.09 points to close at 2,143.93 points.


The secondary market has been in positive growth for the past few days after the formation of the new government, which time and again has expressed its commitment to facilitate the private sector. Recently, the investors are buoyed by Nepal Rastra Bank’s amendment of guidelines on working capital loans.


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On Thursday, the market opened at 2,125.84 points and the index went through a series of fluctuations during the trading hours. The index rose to the day’s maximum at 2,159.92 points, while it plunged to as low as 2,114.01 points.


The daily turnover soared to Rs 5.04 billion from Rs 3.501 billion on Wednesday. In the intraday trading, a total of 147 companies were the gainers and 62 companies lost in their market values. The sensitive index that measures the performance of blue chips companies also increased 2.51 points.


Out of the 13 trading groups, 11 gained in their average share prices. The index of ‘others’ went down 13.74 points and banking declined by 4.74 points. 


In individual companies, Himalayan Distillery Limited had the largest transactions of its shares worth Rs 431.96 million. Chandragiri Hills Limited was the top gainer, while Citizens Mutual Fund 2 lost the biggest percent of its market value.

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