Nepse closes week 3.22 pts higherNepal Stock Exchange (Nepse) index gained 3.22 points over the week to close at 1,823.05 points on Thursday, the last trading day of the week.
Nepal Stock Exchange (Nepse) index gained 3.22 points over the week to close at 1,823.05 points on Thursday, the last trading day of the week.
The stock index opened at 1,819.83 points on Sunday and jumped 19.07 points on Monday before losing points for rest of the week. The week’s biggest loss 9.97 points came on Wednesday.
Anjan Raj Poudel, managing director of Thrive Brokerage House, said the market’s growth rate has slowed after heavy losses a few weeks ago. “But the market is gradually heading towards stability,” he said.
Of the nine trading groups, indices of six ended in positive territory.
The insurance sub-index witnessed a whopping growth of 82.76 points, becoming the biggest gainer.
Other gainers were hydropower, hotels, development banks, trading and finance companies.
Manufacturing and banking sub-indices shed 57.21 and 2.13 points, respectively. The trading sub-index remained stable at 202.79 points.
The sensitive index that measures the performance of ‘A’ class companies inched up 0.39 points to close at 395.57 points.
The overall market turnover stood at Rs 8.52 billion, up 23.33 percent compared to the previous week.
In terms of transaction volume, Nepal Bangladesh Bank topped the list, recording a turnover of Rs768.82 million. Other top companies in terms of transaction volume were Nepal Investment Bank, Sunrise Bank, Everest Bank and Siddhartha Bank.