Nepal

Nepse index clocks solid gain to resurface above 2,000-point threshold

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Kathmandu, December 31The Nepal Stock Exchange (Nepse) index rose by 161.82 points or 8.67 per cent to resurface above 2,000 points in the trading week between December 26 and 29. The reappointment of Bishnu Paudel to the post of nations finance minister was followed by a positive shift in the secondary market as the benchmark index had also taken a northward pattern when he held office previously, stakeholders say. Nepse index rises Nepse recovers above 1,960-point threshold The delicate index, which measures performance of class A stocks, increased by 6.61 percent or 24.25 indicate 391.31 points in the review period.

The float index that gauges efficiencies of shares really traded also gained 8.52 per cent or 11.17 points to settle at 142.22 in the review week.Altogether 32.23 million shares were traded throughout the review week through 187,224 deals that totaled up to Rs 10.99 billion.

The market was open for just four days in the review week, the weekly turnover increased by over 121 per cent compared to the previous week when 15.05 million shares had actually changed hands through 124,037 deals that amounted to Rs 4.95 billion.The typical daily turnover in the past week was Rs 991 million and it increased to Rs 2.74 billion this week.As the market had actually remained closed on Sunday due to Christmas, the benchmark index had actually opened at 1,867.21 points on Monday and increased by 56.88 points to close at 1,924.09 points for the day.

The market included another 59.86 points on Tuesday to 1,983.95 points prior to losing 11.80 points on Wednesday to 1,972.15 points.

On Thursday, the market more than recovered the loss of the earlier day by adding 56.88 indicate breach the 2,000 threshold and settle at 2,029.03 points for the week.All the subgroups landed in the green this week.The finance subgroup increased by 17.39 per cent or 254.10 points to 1,714.94 points, hydropower by 16.27 per cent or 315.45 points to 2,254.66 points, financial investment by 12.86 percent or 7.07 points to 62.05 points, nonlife insurance by 12.16 percent or 899.37 indicate 8,294.75 points, development banks by 10.30 per cent or 336.21 points to 3,599.58 points, production and processing by 6.33 per cent or 309.76 indicate 5,206.19 points, and others by 2.55 percent or 38.57 indicate 1,553.46 points.Life insurance rose by 11.23 per cent or 1,017.88 indicate 10,080.54 points, and the trading subgroup increased by 7.81 per cent or 141.26 points to 1,949.54 points.

Hotels and tourism acquired 7.02 percent or 188.33 points to 2,870.58 points, banking arrived at 1,365.78 points, up by 6.96 percent or 89.91 points.

Microfinance rose by 5.70 per cent or 241.93 indicate 4,486.67 points, and mutual funds by 4.10 per cent or 0.54 point to 13.72 points.A variation of this article appears in the print on January 1, 2023, of The Himalayan Times .

This short article very first appeared/also appeared in https://thehimalayantimes.com




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