Business

NEPSE gains 25 points; Daily turnover at just Rs 4 billion

By THT Online

Representative image. Courtesy: Freepik.com

KATHMANDU, OCTOBER 22

The Nepal Stock Exchange (NEPSE) index experienced an increase of 25.88 points or 0.98% on Tuesday, to close at 2,665.81 points by the end of the trading day.

Along with the benchmark index, the Sensitive Index that evaluates the performance of class 'A' stocks rose by 0.93%, while the Float Index which gauges the actively traded shares saw a 0.90% gain.

Sectoral Performance:

  • Finance Sector stole the spotlight, surging by 3.03%, leading all sectors with significant growth.
  • Manufacturing and Processing followed closely with an impressive 2.14% gain, demonstrating strong investor confidence.
  • Hydropower continued its steady rise, climbing 1.42%.
  • Development Banks posted a healthy 1.25% increase, further boosting market sentiment.
  • Others Index saw a notable 1.02% jump, reflecting diverse sector participation.
Meanwhile, the Banking Sector saw a modest gain of 0.68%, while Hotels and Tourism edged up by 0.44%. The Microfinance and Insurance sectors also recorded smaller but steady gains, with the Life Insurance Index rising by 0.49% and the Non-Life Insurance Index increasing by 0.61%.

Market Turnover:

The total market turnover for the day was Rs 4.17 billion, with 10,962,281 shares traded across 53,678 transactions involving 314 companies.