KATHMANDU: The domestic stock market which had been on a bearish run for the past few days, maintained its position. However, today, it gained about 14 points today, on the third day of the week.
The Nepal Stock Exchange (NEPSE) index surged 13.97 points to close at 1,207.31 points. The sensitive index that measures the values of ‘A’ class companies’ shares closed at 256.87 points with a 3.31-point increase.
Despite the rise in the NEPSE index, there was no encouraging rise in the turnover. A total of 174 million 155 thousand 390 units of share of a total 150 companies were traded today. Among nine sub-indices traded today, one sub index ‘finance’ closed with a red notification, indicating 0.24-point fall in share values.
Remaining sub-indices such as banking (14.69 points), hotel (36.57), development bank (12.59), hydropower (0.28), non-life insurance (75.14), others (6.56), microfinance (10.58) and life insurance (77.09) picked up.
The shareholders of Unnati Microfinance, Aarambha Microfinance and Saptakoshi Development Bank earned today while the investors of NMB Microfinance, Himalayan Power Partner and Everest Insurance suffered a loss.
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Written by Richa Thapa
This news first appeared on https://thehimalayantimes.com/business/nepse-sees-double-digit-surge/ under the title “NEPSE sees double-digit surge”. Bolchha Nepal is not responsible or affiliated towards the opinion expressed in this news article.
