KATHMANDU: The Nepal Stock Exchange (NEPSE) has surged to over 1900 points after nearly a month.
The NEPSE index, lingering below 1900 since October 29, closed at 1907 points this Sunday, marking an increase of 2.56 percent or 47.75 points.
The day witnessed trading of securities worth 2.1 billion rupees, marking the first time in about two months that the turnover has exceeded 2 billion. Previously, on September 26, transactions surpassed the 2 billion mark.
During Sunday’s trading, the share prices of 214 companies ascended, while 23 saw a decrease, and 3 remained stable. All groups experienced gains, with the life insurance group leading at 4.44 percent, followed by the finance group at 3.91 percent, non-life insurance at 3.67 percent, and the business group at 3.58 percent.
Based on points, commercial banks climbed by 21, development banks by 95, finance by 63, hotel and tourism by 90, hydropower by 60, life insurance by 449, manufacturing by 153, microfinance by 67, non-life insurance by 358, other sectors by 25, and the trade sub-group by 96 points.
Chyangdi Hydropower, Bhagawati Hydropower, and Bijay Microfinance saw a surge of 10 percent in their prices, while Sworojgar Microfinance rose by 9.8%, Rewa Energy by 9.8%, Mailungkhola by 9.7%, and Singati Hydro by 9.7%.
Despite the overall market surge, prices dropped for Infinity Microfinance by 2.4%, Asha Microfinance by 2.4%, Atmanirbar Microfinance by 2.3%, Jan Utthan Community Microfinance by 1.99%, and Hathaway Investment by 1.6%.
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