Nepse hits three-month high; turnover surpasses Rs 4 billion

Himal Press 13 Jun 2023
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SHARES
Nepse hits three-month high; turnover surpasses Rs 4 billion

KATHMANDU: The Nepal Stock Exchange (Nepse) index surpassed the psychological 2,000-point level for the first time in three months, reflecting positive investor sentiment in the market.

The benchmark Nepse index increased by 34.17 points to close at 2,020.64 points on Tuesday, extending its winning run to the sixth straight trading session. This marks the first time the benchmark index has closed above the 2,000-point milestone since March 9, when it reached 2,002.70 points. The daily turnover in the market also exceeded Rs 4 billion, reaching a level not seen since January 18 when shares worth Rs 4.81 billion were traded.

Shares worth Rs 4.08 billion were traded on Tuesday. The market opened for trading at 1,989.43 points. Although there was an initial decline, it subsequently rebounded and closed 1.72% higher.

All trading groups experienced growth on that day, with the Manufacturing and Processing sub-index recording the highest growth of 4.32%. Next on the list were Life Insurance and Microfinance sub-indices, which rose by 2.73% and 2.64%, respectively.

Shivam Cement was the most sought-after stock of the day as 557,388 units of shares of the cement producer worth Rs 276.68 million changed hands on the day. Himalayan Distillery Limited and IGI Prudential Insurance Company were next on the list with shares worth Rs 175.09 million and Rs 162.67 million, respectively, traded

Published On: 13 Jun 2023

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