Nepse up by 92.2 points

KATHMANDU: Nepal Stock Exchange (Nepse) index posted a healthy growth of 92.22 points to close at 1,963.55 points on Wednesday as investors put their money into stocks anticipating another interest rate fall next week. With this, the benchmark index has extended gains for a third straight day.

The market opened for trading at 1,871.46 points on Wednesday. The index started climbing up soon after the trading began. It continued the momentum throughout the day to end 4.93% higher.

All the trading groups ended the day in green. The highest growth came from the Finance sub-index which was up by 6.84%. Next on the list were Development Bank and Banking sub-indices which were up by 5.74% and 5.46%, respectively.

Shivam Cement led the listed companies in terms of turnover as Rs 117.13 million worth of shares of the cement producer changed hands on the day. Next on the list were NIC Asia Bank and Himalayan Distillery Ltd with turnovers of Rs 62.95 million and Rs 60.33 million, respectively.

A total of 6.10 million units of 267 scrips worth Rs 1.97 billion changed hands through 47,285 transactions on Wednesday. Total market capitalization was recorded at Rs 2.85 trillion.