Nepal Stock Exchange (Nepse) on Sunday has gained a whopping 52.26 points to close at 2,094.33 points.
The secondary market opened at 2,042.07 points and plunged to day’s low at 2,038.7 points in the first 12 minutes of the trading. But the market went to an upward graph throughout the remaining trading hours, whereby the Nepse index gained whopping 2.56%.
According to stockbrokers, an ease in getting bank loans along with lack of high rate of return in other sectors due to ongoing recession in the country, has attracted investors to inject their capital on shares.
In the intraday trading, 191 listed companies were successful in adding to their market values, while 28 companies were recorded losers. The sensitive index that measures the performance of the blue chips companies gained a notable 7.18 points.
Only the banking sub index declined 3.55 points, while the remaining 12 groups were the gainers. Of these, life insurance added the largest of 694.14 points. Non-life insurance, hotels and tourism, manufacturing and processing, microfinance and hydropower gained the highest three-digit points in order.
The daily turnover amount increased to Rs 4.869 billion from Rs 3.16 billion on Thursday. Compared to the previous day, the transaction amount on Sunday inclined Rs 1.70 billion.
Among individual companies, Shivam Cements held the transaction of its shares worth Rs 366.49 million and topped the segment. Nepal Insurance Co. Ltd was the biggest gainer, while Shuvam Power Limited lost the highest percent of its market price.
