First Business News Portal in English from Nepal
KATHMANDU: Nepal Stock Exchange (Nepse) on Monday gained a whopping 56.88 points, while the daily turnover crossed Rs 2 billion.
The secondary market opened at 1,867.21 points and continuously rose during the trading hours and closed at 1,924.09 points. Overall, the market escalated by 3.05 percent.
According to the stockbrokers, investors regained their confidence in the country’s share market after a number of political parties agreed to form a coalition government, ending the political uncertainty.
The daily turnover surged to Rs 2.09 billion. For the past few weeks, the market had been hovering at the daily turnover of around Rs 1 billion or less. In the intraday trading, 203 companies were registered in gainers’ list while four were the losers.
The sensitive index that measures the performance of blue chips companies gained 8.38 points. Out of the 13 trading groups, only ‘others’ lost in its market value, while most of the remaining 12 sub-groups gained notable rise in the average shares prices.
In individual companies, Nepal Doorsanchar Company, which was the top loser of the day, had the largest transaction of its shares worth Rs 208.80 million. Gurkhas Finance gained the highest percent of its market price.
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