KATHMANDU, JUNE 17
The Nepal Stock Exchange (Nepse) index surged by 102.46 points or 5.28 percent in the trading week between June 11 and 15 to resurface above the 2,000-point threshold. The last time the index had closed above the 2,000-point mark was on March 9 when the market stood at 2,002.70 points.
The sensitive index, which measures performance of class 'A' stocks, increased 5.21 percent to 383.39 points in the review period. Meanwhile, the float index that gauges performances of shares actually traded advanced by 5.11 percent or 6.91 points to settle at 142.02 in the review week.
Altogether 48.24 million shares were traded during the review week through 314,428 transactions that amounted to over Rs 18.64 billion. The weekly turnover rose by over 81.30 percent compared to the previous week when 28.22 million shares had changed hands through 188,679 transactions that totalled Rs 10.28 billion.
Meanwhile, the average daily turnover in the past week was over 2.05 billion and it increased to Rs 3.72 billion this week.
The benchmark index had opened at 1,939.61 points on Sunday and it rose by 40.48 points by the time of closing to 1,980.09 points. The market gained 7.78 points on Monday to close at 1,987.87 points before jumping by 32.77 points on Tuesday to close at 1,987.87 points. On Wednesday, the benchmark index added 16.42 points to resurface above the 2,000-point threshold to 2,037.06 points before increasing again by 5.01 points on Thursday to settle at 2,042.07 points for the week.
All the subgroups landed in the green this week.
Hotels and tourism led the pack of gainers, advancing by 15.57 percent to 4,784.35 points, followed by manufacturing and processing, up by 11.09 percent to 5,388.85 points; life insurance rose 9.49 percent to 10,881.60 points; microfinance increased by 6.66 percent to 3,803.86 points; investment gained 6.28 percent to 71.57 points; development banks by 4.89 percent to 3,554.26 points; finance by 4.71 percent to 1,606.81 points; others by 6.24 percent to 1,438.40 points; finance by five percent to 1,686.96 points; non-life insurance by 4.50 percent to 10,694.90 points; development banks by 4.41 percent to 3,711.06 points; hydropower by 4.06 percent to 2,571.74 points; trading by 3.60 percent to 2,538.93 points; banking by 2.74 percent to 1,236.49 points and mutual funds by 1.73 percent to 14.08 points.
A version of this article appears in the print on June 18, 2023, of The Himalayan Times.
