Nepal | September 29, 2020

Nepse breaches previous record

Himalayan News Service
Share Now:

Kathmandu, September 15

The buying pressure in the country’s only secondary market seen since Sunday helped the Nepal Stock Exchange (Nepse) index surge by 11.73 points or 0.98 per cent, today, to close at an all-time high of 1,205.84 points.

Today’s bull-run at the stock market was led by banking sector, as the sub-indices of development banks and commercial banks rose by 1.69 per cent to 957.66 points and 1.48 per cent to 1,146.3 points, respectively.

Banking sector stocks have been taken as a lucrative investment in the stock market after Nepal Rastra Bank raised paid-up capital requirement of commercial banks by four folds from the existing Rs two billion by mid-July, 2017. Banks have been told to submit their capital plan by September 17 this year.

Apart from the banking sector, hydropower, insurance and finance subgroups ended in the green zone today as their sub-indices went up by 1.41, 0.84 and 0.32 per cent to end at 2,127.68 points, 5,236.29 points and 559.76 points, respectively. However, manufacturing and production, hotels and others subgroups ended in the red zone as their sub-indices went down by 3.45, 0.31 and 0.9 per cent to land at 2,063.64 points, 1,911.72 points and 780.08 points, respectively.

The sensitive index, which measures performance of blue chip stocks, surged by 1.01 per cent to 260.67 points. Likewise, the float index that measures the actual shares traded, increased by 1.31 per cent to 85.97 points.

A total of 1.07 million units of shares of 144 companies worth Rs 639.24 million changed hands through 2,990 transactions today.Business Universal Development Bank, Infrastructure Development Bank, Laxmi Laghubitta Bittiya Sanstha, Mount Makalu Development Bank and Swarojgar Laghu Bitta Bikas Bank were the top gainers, with their stock prices rising in a range of 9.9 per cent to 10 per cent.


A version of this article appears in print on September 16, 2015 of The Himalayan Times.


Follow The Himalayan Times on Twitter and Facebook

Recommended Stories:

More from The Himalayan Times:

Kathmandu Valley records 817 infections on Monday

KATHMANDU: Kathmandu valley logged over 800 additional cases of coronavirus infection in the last 24 hours. As per the Health Ministry’s latest report, 817 new infections surfaced in the valley today, which 60.47 per cent of the total caseload. Read Also: 1,351 new cases take Nepal’s coro Read More...

Four Covid-19 fatalities recorded on Monday, tally shifts to 481

KATHMANDU: Four people passed away from Covid-19 related complications in the last 24 hours, with which the nationwide death-toll has moved to 481. Two women and two men lost their lives due to this infection, the Health Ministry’s latest update showed. Read Also: 1,351 new cases take Nepal Read More...

Royal Bengal Tiger of Chitwan National Park

Mahout killed in tiger attack in Chitwan National Park

CHITWAN: A man has been killed in a tiger attack in an intermediate community forest of Chitwan National Park today. Previously, a person was killed by a tiger two days ago on Saturday in the western part of Chitwan district. The deceased has been identified as Babana Chaudhary (55) of Ratnanagar Read More...

Coronavirus , vaccines, vaccines trails

Inovio's potential COVID-19 vaccine trial on partial clinical hold

LONDON: Inovio Pharmaceuticals Inc said on Monday the US Food and Drug Administration had placed a partial clinical hold on the company's planned mid-to-late-stage trial of its experimental coronavirus vaccine candidate. The company said the pause was not due to any side effects in its early-stag Read More...

Ronaldo double earns point for 10-man Juventus at Roma

ROME: Cristiano Ronaldo’s second goal of the night rescued a 2-2 draw for 10-man Juventus away to AS Roma in Serie A on Sunday, after Jordan Veretout had twice put the capital club in front. Veretout and Ronaldo netted penalties after both teams were penalised for handball, and the French midfield Read More...

Nepal COVID-19 Update: 1351 new cases, 742 recoveries, four fatalities recorded on Monday

KATHMANDU: Nepal’s Health Ministry, in its regular press briefing, shared the latest updates on coronavirus contagion from across the country, and government’s response to the health crisis. READ ALSO: Kathmandu Valley records 817 infections on Monday As of today, 998,407 tests throug Read More...

K-pop’s BLACKPINK drop teaser for title track ‘Lovesick Girls’ from debut album

KATHMANDU: K-pop’s most popular girl band BLACKPINK on September 28 announced Lovesick Girls, the title track of their debut full-length LP The Album. According to The Korea Times, the group's label YG Entertainment dropped a teaser poster on social media, announcing the title track, Lovesi Read More...

President issues three ordinances

KATHMANDU: President Bidya Devi Bhandari has issued three ordinances, including one related to prevention and control of acid and other harmful chemicals. The President issued these ordinances in accordance with Article 114 (1) of the Constitution of Nepal and on the recommendation of the Council Read More...