NEPSE Climbs 15.79 Points to Close at 2,152.14

KATHMANDU: On Tuesday, the Nepal Stock Exchange (NEPSE) saw a significant rise, climbing 15.79 points to close at 2,152.14 points. The secondary market, which opened at 2,136.35 points, experienced a volatile session. It initially dropped to a day’s low of 2,130.41 points within the first 35 minutes. However, the index rebounded to 2,145.13 points within the next half-hour. It remained relatively stable for the following two hours before gaining an additional seven points by the close of the trading day.

The sensitive index, which measures the performance of ‘A’ class companies, also saw an increase, adding 3.50 points. The daily turnover showed a significant rise, reaching Rs 5.53 billion compared to Rs 4.56 billion on Monday.

Among the market sectors, four recorded losses: manufacturing and processing, hotels and tourism, trading, and finance. The manufacturing and processing sector experienced the largest decline, losing 35.48 points. In contrast, the microfinance sector led the gains, adding a substantial 142.69 points.

In terms of individual companies, the market saw 168 gainers and 68 losers. NRN Infrastructure and Development Limited recorded the highest turnover, with shares worth Rs 197.77 million changing hands. Ganapati Laghubitta Bittiya Sanstha Limited emerged as the top gainer, while Siddhartha Investment Growth Scheme-2 was the biggest loser of the day.

This positive movement in NEPSE reflects increased investor confidence and activity, highlighted by the rise in daily turnover. The gains across various sectors, especially in microfinance, underscore the dynamic nature of the market and its ability to rebound from early losses within the trading session.

Fiscal Nepal |
Tuesday July 9, 2024, 07:38:23 PM |

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