KATHMANDU, Jan 16: Nepal Stock Exchange (NEPSE) on Tuesday witnessed the biggest turnover amount of over Rs 8 billion in the past two years, after banks started reducing interest rates on loans.
The market that opened on Tuesday, with the government declaring Monday a public holiday to mark Makar Sankranti, increased by 54.54 points.
The market opened at 2,120.63 points and closed at 2,175.17 points. The index increased successively to the day’s high at 2,178.37 points in the first half of the trading hours. It remained almost stable in the remaining trading period.
Average daily turnover in Nepse shoots up 26%
The sensitive index that measures the performance of ‘A’ class companies gained notable growth of 9.26 points. The daily turnover amount inclined to Rs 8.023 billion from Rs 5.45 billion on Sunday.
All the 13 trading groups had their market value increased. Non-life insurance added 213.46 points, the largest of all. It was followed by life insurance (195.01 points), manufacturing and processing (151.08 points), microfinance (116.09 points) and development bank (109.57 points).
Among individual companies, 214 were recorded as gainers whereas 31 were losers.
Sonapur Minerals and Oil Limited had the largest turnover worth Rs 554 million. Butwal Power Company Limited was recorded as the biggest gainer. Out of the 31 losers, Jyoti Bikash Bank Bond 2087 had the biggest fall of 9.99 percent of its market value.
