KATHMANDU, Aug 25: Nepal Stock Exchange (NEPSE) on Monday surged 21.30 points, ending the three consecutive days fall, as the market closed at 2,761.26 points.
The secondary market opened at 2,739.95 points, initially spiked as high as 2,749.72 points in the first seven minutes. However, the index dipped to the day’s low at 2,731.22 points in the next 35 minutes; before the market bounced back to reach the day’s high at 2,764.87 points in the last half an hour before the market closed for the day.
Nepse posts dismal picture—daily turnover falls below Rs 1 bill...
Manufacturing and processing, and mutual funds were the only two losing groups, with a drop down of 4.50 points and 0.07 points, respectively. Of the 11 gainers, microfinance index escalated 77.12 points, the largest of all.
The sensitive index which measures the performance of ‘A’ class companies inclined 3.18 points. Despite the double-digit gain in its index, the daily turnover decreased to Rs 5.75 billion from Rs 6.54 billion on Sunday.
Among the individual companies, 179 were gainers while 71 were recorded as losers. Nepal Reinsurance Company Limited had the largest turnover of its shares worth Rs 769.67 million.
Narayani Development Bank had the highest rise of 9.99 percent in its market value. With a decline of 3.87 percent, RBB Mutual Fund 1 stood as the highest loser.
