Business

NEPSE gains 14 points as daily turnover crosses Rs 5 billion

By THT Online

Representative image. Courtesy: Freepik.com

KATHMANDU, DECEMBER 24

The Nepal Stock Exchange (NEPSE) recorded a gain of 14.11 points on Tuesday, reflecting a 0.54% increase, to close at 2,626.31 points.

Alongside the rise in the benchmark index, the Sensitive Index, which tracks the performance of class 'A' stocks, climbed by 0.57%. The Float Index, which measures the performance of actively traded shares, also posted an increase of 0.70%.

The daily turnover surged to Rs. 5.2 billion, a notable improvement from Monday's Rs. 4.43 billion. A total of 12,746,410 shares were traded across 312 scrips in 64,917 transactions, indicating heightened market activity.

Sectoral indices largely exhibited positive performance, with the Development Bank sector leading the gainers at 1.75%, followed by the Finance sector at 1.62%. Other sectors registered gains as well, though none exceeded the 1% mark. However, the Mutual Fund and Trading sectors declined by 2.32% and 0.45%, respectively, counterbalancing the overall upward trend.

On an individual stock basis, 168 stocks advanced, 70 declined, and 6 remained unchanged. Among the top performers were Aatmanirbhar Laghubitta Bittiya Sanstha Limited (ANLB), Gurans Laghubitta Bittiya Sanstha Limited (GLBSL), and Samudayik Laghubitta Bittiya Sanstha Limited (SLBSL), each recording a 10% increase in their share value. Conversely, Support Microfinance Bittiya Sanstha Ltd. (SMB) faced a 10% decline, marking it as the day's worst performer.

By the end of the trading session, the total market capitalization had reached Rs. 4.356 trillion.