Business

NEPSE rises by 1.88% to reach 2,060 points; Daily turnover tops Rs 6.8 Billion

By THT Online

FILE - Pople throng at Nepal Stock Exchange office in Jamal to monitor share transactions, in Kathmandu, on Wednesday, August 10, 2016. Photo: RSS

KATHMANDU, DECEMBER 18

The Nepal Stock Exchange (NEPSE) maintained its upward trajectory on the second trading day of the week, surging by 38.14 points, reflecting a substantial 1.88% gain to close at 2,060.49 points. This surge marked a significant milestone, with the index continuing to stay above the 2,000 mark after three months, having reached 2,022.35 points on Sunday.

Simultaneously, the daily turnover soared past Rs 6 billion, settling at Rs 6.868 billion. This resulted from the exchange of 21,497,619 units of shares from 305 companies, occurring through 113,693 transactions. It was a significant increase from Monday's daily turnover of Rs 5.157 billion, making this the highest daily turnover in the last five months.

The total market capitalization today increased to Rs 3.178 trillion.

The sensitive index, assessing the performance of 'A' class stocks, also witnessed an increase to 390.63 points, indicating a notable gain of 9.56 points or 2.51 percent. Similarly, the float index, reflecting the performance of actively traded shares, also made positive strides, reaching 141.86 points, indicating a 2.62-point or 1.88% increase.

In today's trading, the majority of the companies gained, with 165 advancing, 72 declining, and five remaining unchanged. Six companies experienced positive circuit breaks today after their share values increased by 10 percent.

Almost all sub-indices were in the green today, with only the hydropower index experiencing a slight negative with a 0.33% drop. The Microfinance Index led the pack of gainers with a 5.53% gain, followed by the Hotels and Tourism index with a 3.25% gain, and the Investment index with a 3.10% gain.

Himal Dolakha Hydropower Company Limited (HDHPC) once again claimed the top position in terms of turnover and volume, with its 1,715,578 units of shares traded for Rs 262,674,472.20. Meanwhile, Sonapur Minerals and Oil Limited (SONA) continued to hold the top position in terms of transactions, with its scrips traded 6,229 times.