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NEPSE index surges by 6.55 points closing the week on a positive note


14 December 2023  

Time taken to read : 2 Minute


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KATHMANDU: The Nepal Stock Exchange (NEPSE) index continued its upward trajectory, marking a notable increase of 6.55 points on the final trading day of the week.

This positive momentum has been a consistent trend over the past few days.

The NEPSE index, a key indicator of share trading in the securities market, reached 1,994.60, according to the Nepal Stock Exchange.

Simultaneously, the sensitive index, which gauges the share turnover of large companies, registered a one-point rise, reaching 376.36.

Among the 13 sub-groups traded today, the share prices of eight sub-groups saw an increase, while five experienced a decline.

A total of 96,37,455 shares were exchanged with a total value of Rs. 3,15,6,35,750.

Sonapur Minerals secured the top position in terms of turnover, with a company value of Rs. 16 crore four lakh 78 thousand 431.

Other notable turnovers include Reliable Nepal Life Insurance at 11 crore 49 lakh 88 thousand 791, Hathaway Investment at Rs. 9 crore 13 lakh 79 thousand 835, Shivam Cement at Rs. 9 crore 12 lakh 19 thousand 758, and IME Life Insurance at Rs. 7 crore 75 lakh, securing positions in the top five with a turnover of 84 thousand 312.

According to NEPSE, Bottlers Nepal Balaju, Himalayan Microfinance, Nepal Hydro Developers, Nepal Republic Media, and Nepal Insurance experienced a 10 percent increase in their share prices, triggering a positive circuit.

Conversely, Gurans Microfinance at 4.98%, Manushi Microfinance at 4.78%, Siysi Nepal Microfinance at 4.004%, Machhapuchhre Bank’s bond at 3.96%, and Global IME Balance’s share price witnessed a decrease by 3.75%.

The market’s dynamics indicate a mix of positive and negative trends, showcasing the volatility inherent in the stock exchange.

Publish Date : 14 December 2023 16:14 PM

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