Nepal Stock Exchange (NEPSE) on Tuesday surged 35.55 points to close at 2,696.65 points.
The market opened at 2,661.09 points and went through a series of fluctuations to reach the day’s low at 2,609.8 points within the first two hours. However, the index in the next moment went upward and hit the day’s high at 2,709.89 points when the market was left with 20 minutes of trading. The market corrected with a decline of 13 points in the remaining period before it closed for the day.
The sensitive index that measures the performance of ‘A’ class companies increased by 3.23 points. The daily turnover declined to Rs 17.26 billion from Rs 19.60 billion on Monday.
Four groups including non-life insurance, trading, banking and mutual funds were the losers. Non-life insurance shed the largest of 48.35 points. Out of the nine gainers, the hotels and tourism index soared 398.17 points, while those of finance, development bank and hydropower also rose by three-digit points.
Among individual companies, 189 were recorded as gainers whereas only 47 were the losers.
Himalayan Reinsurance Limited had the largest turnover of its shares worth Rs 601.00 million. Progressive Finance Limited, Barun Hydropower, Sanjen Jalavidhyut Company Limited and Nepal Warehousing Company Limited were listed as the highest gainers, by adding 10 percent to their market values. Asian Hydropower Limited was recorded as the highest loser.
