Nepal | September 30, 2020

Nepse at new peak of 1,326 points

Himalayan News Service
Share Now:

Kathmandu, March 1

The secondary market bull has once again proved it has more room to run as the Nepal Stock Exchange (Nepse) index surged by 10.76 points or 0.82 per cent to overcome the threshold of 1,320 points for the first time.

Opening at 1,315.77 points, the benchmark index was mostly northbound throughout the day and closed at 1,326.53 points, breaching the previous peak of 1,318.88 points recorded on Sunday.

Low interest rates of the banks, lack of investment avenues and the persistent bull run have attracted investors to the country’s only secondary market.

While manufacturing and trading remained constant at 1,998.78 points and 201.38 points, respectively, hotels was the only subgroup to land in the red — dipping by 0.32 per cent to 1,753.43 points.

Today’s market rally was led by insurance companies, with the subgroup surging by 3.03 per cent to 6,151.51 points. Nepal Life Insurance’s share value went up by a whopping Rs 230 to Rs 3,500, and National Life’s by Rs 49 to Rs 2,720, among others.

Comparatively, the gains witnessed by other subgroups were muted — hydropower up 0.96 per cent to 2,314.83 points; finance up 0.82 per cent to 675.08 points; banking up 0.52 per cent to 1,195.23 points; others up 0.29 per cent to 824.72 points and development banks up 0.2 per cent to 1,357.24 points.

Altogether, 1.97 million shares of 123 companies were traded through 4,043 transactions that amounted to Rs 926.23 million today. The sensitive index inched up 0.79 per cent to 285.23 points and the float index edged up 0.63 per cent to 95.48 points.


A version of this article appears in print on March 18, 2016 of The Himalayan Times.


Follow The Himalayan Times on Twitter and Facebook

Recommended Stories:

More from The Himalayan Times:

Diogo Jota

Liverpool maintain 100% start with win over Arsenal

LIVERPOOL: Premier League champions Liverpool maintained their 100% start to the season with a 3-1 win against Arsenal at Anfield on Monday leaving them level on nine points with pacesetters Everton and Leicester City. The visitors took the lead through an Alexandre Lacazette strike but L Read More...

Fulham, Aston Villa, Ivan Cavaleiro, Matty Cash

Villa beat Fulham 3-0 to move into top four

LONDON: Aston Villa moved into the Premier League top four after they strolled to a 3-0 win at Fulham thanks to goals from Jack Grealish, Conor Hourihane and Tyrone Mings in a lopsided contest on Monday. The result left Villa, who narrowly avoided relegation last season, fourth on a maximu Read More...

Private hospitals, labs to charge Rs 3,899 for PCR test

KATHMANDU, SEPTEMBER 28 Private hospitals have fixed their own rate for conducting polymerase chain reaction tests, saying that the fee allocated by the Ministry of Health and Population was too less. Eight private hospitals and labs, including HAMS Hospital, Star Hospital, B&B Hospital an Read More...

President issues ordinances on acid attack punishment, acid sale regulation

KATHMANDU, SEPTEMBER 28 President Bidhya Devi Bhandari today issued two ordinances to increase jail sentence for acid attackers and to regulate the sale and distribution of acid and other harmful chemicals. One of the ordinances amended the new penal code, proposing to increase jail term for a Read More...

Editorial: Unemployment problem cannot be addressed unless all levels of govt work together to create jobs within the country

The unemployment problem cannot be addressed unless all levels of govt work together to create jobs within the country Unemployment is a big problem in Nepal. That is why youths in large numbers migrate to other countries, mostly India, the Middle East, Malaysia, South Korea and Japan, where they e Read More...

Ayurvedic literature: Delving into its history

The travelogue of Chinese pilgrim Faxian was the earliest testimony to describe the healthcare system in ancient South Asia. It is close to the description by the earliest Ayurvedic compendium, Charaka Samhita Ayurveda has become a buzzword in the contemporary setting of medicine in the era of COVI Read More...

Six student leaders arrested for staging protest outside Chinese Embassy in Kathmandu

KATHMANDU, SEPTEMBER 28 Six student leaders of Nepal Student Union, the student wing of major opposition Nepali Congress, were arrested today for staging a protest outside the Chinese Embassy at Baluwatar against the alleged border encroachment by the Chinese side in Humla district. The NSU le Read More...

Woman found dead in Saptari district

A police team has been deployed from Province Police Office, Janakpur, to investigate the case RAJBIRAJ, SEPTEMBER 28 A 50-year-old woman was found dead at Mayanakaderi village, Ward No 2 of Tirhut Rural Municipality, Saptari, yesterday. The body of Dayaman Devi, wife of local Shiv Narayan, w Read More...