KATHMANDU, July 17: Nepal Stock Exchange (Nepse) welcomed the new fiscal year with a positive note as the market index on Monday escalated 47.07 points.
The secondary market opened at 2,097.09 points and fell to the day’s low at 2,089.53 points in the first half an hour of trading. But the index went in upward motion in the remaining trading hours, finally taking the market index to close at 2,144.16 points, an overall gain of 2.24 percent.
Nepse welcomes New Year 2023 with a double-digit gain, daily tu...
Stockbrokers said investors have been influenced by the falling interest rates of banks. In addition, an improvement in external sector indicators amid the upcoming monetary policy to be unveiled by Nepal Rastra Bank has rekindled hope in the investors towards the country’s secondary market, according to the stockbrokers.
Along with a jump in the market index, the sensitive index that measures the performance of blue chip companies also gained a notable 9.95 points. The daily turnover, however, was recorded at Rs 2.560 billion, marginally up compared to that on Sunday.
Out of the 13 trading groups, only the mutual fund was the loser. Of the remaining, life insurance, non-life insurance, development bank, and hotels and tourism added three-digit points to their market values.
Among individual companies, Shivam Cements had the largest transaction of its shares worth Rs 148.61 million. BPW Laghubitta Bittiya Sanstha Limited gained the highest of 10 percent of its market price, while Kumari Dhanabriddhi Yojana was recorded as the topmost loser.
