KATHMANDU, Sept 23: Nepal Stock Exchange (NEPSE) on Tuesday jumped 58.63 points to close at 2,682.25 points, giving a momentum to the positive vibe seen in the secondary market on Sunday.
It was the second consecutive day that the secondary market observed a notable gain after the government adopted flexible measures to address the investors’ confidence which was largely down due to the Gen Z protests. The rise in market index in two trading days of this week has helped the market recover the loss equivalent to the single day drop of 160.33 points last week.
In the intraday trading, the secondary market opened at 2,623.62 points and gradually escalated to as high as 2,680.79 points when the trading time was left for 52 minutes. The market remained almost stable in the remaining period before it surged again in the last few minutes.
Nepse recovers 52 points in volatile trading week
All the 13 groups were the gainers. Non-life insurance added the highest of 382.26 points. A total of six groups gained three-digit points.
The sensitive index which measures the performance of ‘A’ class companies gained a whopping 9.08 points. The daily turnover fell to Rs 5.29 billion from Rs 9.17 billion.
Among the individual companies, 238 were gainers while 14 were recorded as losers. Nepal Reinsurance Company Limited had the largest turnover of its shares worth Rs 386.80 million.
Saptakoshi Development Bank and Joshi Hydropower Development Company Ltd gained the highest of 10 percent of their market values. Prabhu Smart Fund by shedding 4.30 percent was recorded as the highest loser.
