June 13, 2024, Thursday
Nepal 1:37:26 pm

NEPSE surges 27.54 points, daily turnover rises to Rs 5.85 billion

The Nepal Weekly
May 21, 2024

Nepal Stock Exchange (NEPSE) on Monday surged 27.54 points to close at 2,092 points.

Following the revision of monetary policy by the Nepal Rastra Bank for the current fiscal year, the market has responded positively to the central bank’s provision. On Sunday too, the market surged 45.69 points.

In the intraday trading, the secondary market opened at 2,064.45 points and escalated steadily to the day’s high to 2,121.01 points in the first one and a half hours. The index however went through a series of fluctuations in the remaining trading hours and shed around 29 points before the market closed for the day.

The sensitive index that measures the performance of ‘A’ class companies also increased by a notable 7.31 points. The daily turnover increased to Rs 5.85 billion from Rs 5.25 billion on Sunday.

Five out of the 13 groups including non-life insurance, manufacturing and processing, microfinance, finance and life insurance were the losers. Of the gainers, the ‘trading’ group added the highest of 60.82 points. Among individual companies, 135 were recorded as gainers while 107 were the losers.

Pokhara Finance Ltd had the largest turnover of its shares worth Rs 199.29 million. Samudayik Laghubitta Bittiya Sanstha Limited was the topmost gainer, while Upakar Laghubitta Bittiya Sanstha Limited lost the highest of 7.40 percent of its market price.