KATHMANDU, SEPT 23

The Nepal Stock Exchange (Nepse) index rose by 22.72 points or 1.13 per cent in the trading week between September 17 and 21 to 2,029.78 points.

The sensitive index, which measures the performance of class 'A' stocks, went up 0.49 per cent to 388.72 points in the review period.

Meanwhile, the float index that gauges performances of shares actually traded gained 1.05 per cent or 1.46 points to rest at 140.81 points in the review week.

Altogether 24.13 million shares were traded during the review week through 284,156 transactions that amounted to over Rs 7.36 billion. The weekly turnover rose by over 41.14 per cent compared to the previous week when 18.11 million shares had changed hands through 284,156 transactions that totalled Rs 5.22 billion.

Meanwhile, the average daily turnover in the past week was over Rs 1.305 billion and it rose to Rs 1.842 billion this week.

The benchmark index had opened at 2,007.06 points on Sunday and it slumped by 42.15 points by the time of closing to 1,964.91 points. The market gained 4.27 points to 1,969.18 points on Monday, before adding 16.25 points to close at 1,985.43 points on Tuesday.

The market remained closed on Wednesday due to the public holiday for Constitution Day, but jumped by 44.35 points on Thursday to resurface above 2,000-point threshold to rest at 2,029.78 points for the week.

While banking, life insurance, hotels and tourism, and trading recorded losses, all of the remaining subgroups landed in the green this week.

Hydropower led the pack of gainers, advancing by 6.77 per cent to 2,167.48 points, followed by finance, up by 3.89 per cent to 1,797.95 points; development banks rose by 2.98 per cent to 3,920.67 points; manufacturing and processing by 2.33 per cent to 5,345.42 points; investment increased by 1.44 per cent to 71.02 points; mutual funds rose by 1.29 per cent to 18.83 points; microfinance was up 1.13 per cent to 3,664.43 points; others gained 0.91 per cent to 1,479.29 points; and non-life insurance inched up 0.64 per cent to 10,765.75 points.

Meanwhile, trading dropped by 2.31 per cent to 3,022.94 points; followed by hotels and tourism, down by 1.13 per cent to 5,578.26 points; life insurance lost 0.67 per cent to 10,952 points and banking dipped 0.64 per cent to 1,268.65 points in the review week.

A version of this article appears in the print on September 24, 2023, of The Himalayan Times