Nepal Stock Exchange Rebounds with Double-Digit Gain After Initial Week Decline
Kathmandu. After declining significantly in the first two trading days of the week, the Nepal Stock Exchange (NEPSE) index showed a double-digit improvement today.
The NEPSE index increased by 19.70 points to settle at 2,851.09. A total of 27.942779 million shares of 339 companies were traded 137,857 times, amounting to a transaction value of 11 billion 11 crore 24 lakh 18 thousand 806 rupees.
In today's trading, Mutual Funds decreased by 0.09 points and Other groups decreased by 0.55 points, while all other sub-indices increased. Banking rose by 0.76%, Development Bank by 0.90%, Finance by 1.12%, Hotel and Tourism by 1%, Hydropower by 0.75%, and Investment by 0.56%.
Similarly, Life Insurance increased by 0.52%, Manufacturing and Processing by 1.94%, Microfinance by 0.51%, Non-Life Insurance by 0.76%, and Trade by 0.74%.
In today's trading, Reliance Spinning Mills Limited, Bhujung Hydropower Limited, Super Khudi Hydropower Limited, RiziLine Energy Limited, and Hotel Forest Inn Limited saw their share prices hit the positive circuit. Among the biggest losers, the share price of Saptakoshi Development Bank Limited fell by 8.96%.
Based on transaction value, Ridi Power Company Limited recorded the highest turnover today with transactions worth 48 crore 48 lakh 46 thousand 433 rupees. Based on the volume of shares traded, Kumari Bank Limited saw the highest trading activity with 1.560061 million shares bought and sold today.
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