
KATHMANDU: Investors have welcomed the mid-term review of the Monetary Policy for the fiscal year 2023/24, as the Nepal Stock Exchange (Nepse) index gained 49.15 points, closing at 2,815.04 points on Thursday.
With this, the benchmark index surpassed the psychological 2,800-point level for the first time since September 3 last year, when the market closed at 2,830.2 points. The Nepse index extended its gaining streak to eight consecutive sessions on Thursday.
Share prices of 186 companies increased during the session, while 52 declined and six remained unchanged. Himalayan Reinsurance Ltd continued to top the list of highest turnovers, with Rs 964.73 million worth of shares traded. Next were Nepal Reinsurance Company Ltd and NRN Infrastructure and Development, with turnovers of Rs 764.23 million and Rs 467.95 million, respectively.
All trading groups ended the session in positive territory on Thursday. The biggest gain came from the Banking sub-index, which rose by 3.32%. This was followed by the Manufacturing & Processing and Hydropower sub-indices, which increased by 2.91% and 1.8%, respectively.
Daily turnover also improved to Rs 11.39 billion, with 26.19 million units of shares traded through 112,032 transactions.