Nepal Stock Exchange (Nepse) index looked up to record yet another historic high today, the first trading day of the week.
The index climbed by 28.46 points to close the equity market at 2,315.01 points today, making afresh historic high. The Nepse ended in green for the seven consecutive day where it added almost 150 points in total to cross the 2300 mark. Driven by high liquidity and low interest rates in the banking industry, the share market also witnessed a turnover of over Rs. 6.37 billion, according to the Nepse.
Though, the trading sector led the broader market with sub-index shooting up by 9.24 per cent tne development bank, ‘others’ and microfinance stocks also saw strength with the respective averages rallying 4.61 per cent, 3.40 per cent and 3.19 per cent. The finance and life insurance sectors also witnessed a buying pressure. Except the hydropower sector, all other composite sectors ended in green.
In terms of individual stocks, Nepal Telecom led the market with whopping turnover of Rs 581 million, followed by NIC Asia Bank, Civil Bank and Nepal Reinsurance Company with transactions of Rs 229 million, Rs 210 million and Rs 187 million respectively. Likewise, Neco Insurance, Nepal Bangladesh Bank and Prabhu Bank were among other heavily traded stocks.
Salt Trading Corporation led the day’s gain and jumped exactly by 10 per cent, followed by Gurans Laghubitta Bittiya Sanstha, Narayani Development Bank, Corporate Development Bank, Samudayik Laghubitta Bittiya Sanstha, Prabhu Life Insurance and Kisan Laghubitta Bittiya Sanstha also remained closed the trading with hitting a upper circuit limit of positive 10 per cent.
Some 15,035,221 shares traded hands via 50,607 transactions with 208 scrips. While the float index gained 1.4 points and closed at 157.91, the sensitive index closed at 443.42 points after gaining 8.17 points.
A total of 11 companies have technically hit a 10 per cent positive circuit today.
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