KATHMANDU, July 23: Nepal Stock Exchange (Nepse) on Sunday increased by a whopping 63.24 points to close at 2,227.16 points.
The secondary market responded positively to the monetary policy unveiled by Nepal Rastra Bank. The market in the first hours of trading went into slow motion, while it jumped up suddenly after the central bank unveiled the monetary policy at around 1:30 pm.
The secondary market opened at 2,163.92 points and gained around 29 points in the first 45 minutes of the trading. The index then dropped to 2,177.23 points in the next one and a half hour. The index surged to the day’s high at 2,228.71 points before it slid by a nominal value to close for the day.
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Despite a fall in the market index, the sensitive index that measures the performance of blue chip companies added a notable 14.41 points. The daily turnover increased to Rs 4.375 billion from Rs 3.052 billion on Thursday.
All the 13 trading groups added in their market values. Development bank got the highest of 195.36 points, while the other four including hotels and tourism, non-life insurance, life insurance and trading gained three-digit points.
Among individual companies, 199 had their market prices increased. A total of 16 companies lost their market values.
Shivam Cements had the largest transaction of its shares worth Rs 148.159 million. Kisan Laghubitta Bittiya Sanstha Limited gained the highest of 10 percent of its market price, NIBL Growth Fund was recorded the topmost loser.
