KATHMANDU, JUNE 10
The Nepal Stock Exchange (Nepse) index rose by 73.27 points or 3.93 per cent in the trading week between June 4 and 8 to resurface above the 1,900-point threshold.
The sensitive index, which measures performance of class 'A' stocks, increased 2.47 per cent to 364.42 points in the review period.
Meanwhile, the float index that gauges performances of shares actually traded advanced by 3.76 per cent or 4.90 points to settle at 135.11 in the review week.
Altogether 28.22 million shareswere traded during the review week through 188,679 transactions that amounted to over Rs 10.28 billion. The weekly turnover rose by over 14.90 per cent compared to the previous week when 28.98 million shares had changed hands through 155,123 transactions that totalled Rs 8.95 billion.
It may be noted that the weekly turnover crossed above Rs 10 billion mark after a span of four months. The last time the weekly turnover has crossed over Rs 10 billion was in the trading week between February 5 and 9.
Meanwhile, the average daily turnover in the past week was over 2.23 billion and it decreased to Rs 2.05 billion this week.
The benchmark index had opened at 1,866.34 points on Sunday and it rose by 53.04 points by the time of closing to resurface above the 1,900-point threshold to 1,919 points. The market lost 17.39 points on Monday to close at 1,901.99 points before jumping by 25.67 points on Tuesday to close at 1,927.66 points. On Wednesday, the benchmark index added 4.67 points to 1,932.33 points before increasing again by 7.28 points to settle at 1,939.61 points for the week.
All the subgroups landed in the green this week.
Trading led the pack of gainers, advancing by 14.72 per cent to 2,450.69 points, followed by nonlife insurance, up by 14.19 per cent to 10,234.14 points; hotels and tourism rose 10.98 per cent to 4,139.86 points; hydropower increased by 6.37 per cent to 2,417.38 points; life insurance gained 5.48 per cent to 9,938.66 points; development banks by 4.89 per cent to 3,554.26 points; finance by 4.71 per cent to 1,606.81 points; investment by 4.31 per cent to 67.34 points; microfinance by 4.30 per cent to 3,565.77 points; others by 2.39 per cent to 1,353.96 points; mutual funds by 1.62 per cent to 13.84 points; manufacturing and processing by 1.55 per cent to 4,850.69 points; and banking by 0.35 per cent to 1,203.56 points.
A version of this article appears in the print on June 11, 2023, of The Himalayan Times.
