KATHMANDU, Nov 26: Nepal Stock Exchange (NEPSE) surged by 33.41 points on Tuesday, as the market responded positively to the government appointing the chairperson of the Securities Board of Nepal after 11 months.
The market opened at 2,683.24 points and closed at 2,716.66 points. The index jumped to the day’s high at 2,719.85 points in just three minutes of the opening of the market. However, the index slid to as low as 2,685.91 points in the next two hours. In the remaining time period, the market went to an upward graph and regained around 31 points before it closed for the day.
NEPSE jumps 75.33 points; daily turnover increases to Rs 14.11...
The sensitive index, which measures the performance of ‘A’ class companies, inclined by 4.50 points. The daily turnover increased to Rs 7.44 billion from Rs 6.34 billion on Monday.
All the 13 groups were the gainers in the intraday trading. Of them, life insurance and non-life insurance topped the list by adding 132.66 points and 105.89 points, respectively.
Nepal Finance Ltd had the biggest turnover of its shares worth Rs 457.80 million. Support Microfinance Bittiya Sanstha Ltd, United IDI Mardi RB Hydropower Limited and Kutheli Bukhari Small Hydropower Limited were the largest gainers of 10 percent of their market values. Three Star Hydropower Limited was recorded as the topmost loser.
