KATHMANDU, June 13: Nepal Stock Exchange (Nepse) on Tuesday increased 34.17 points to close at 2,020.64 points.
The secondary market opened at 1,987.87 points and went to the day’s low at 1,978.03 points in the first few minutes of the trading. The market then escalated to hit as high as 2,034.59 points before the index slipped around 14 points to close for the day.
Nepse surges as turnover cross Rs. 1 billion mark
According to stockbrokers, the market bounced back after the banks turned flexible to provide loans and reduce interest rates with increasing loanable funds available to them.
In the intraday trading, 196 listed companies were successful in adding to their market values, while 22 companies were recorded as losers. The sensitive index that measures the performance of the blue chip companies also gained 6.52 points.
All the 13 trading groups gained in their market values. Life insurance, non-life insurance, manufacturing and processing and hotels and tourism gained three-digit points.
The daily turnover amount soared to Rs 4.126 billion from Rs 2.886 billion on Monday.
Among individual companies, Shivam Cements held the transaction of its shares worth Rs 276.68 million and topped the segment. Wean Nepal Laghubitta Bittiya Sanstha Limited was the biggest gainer, while Prabhu Smart Fund lost the highest percent of its market price.
