Nepse ends on a fresh high

The share market closed with a new historic high on Monday. The index had created a new high just yesterday.

Nepal Stock Exchnage (Nepse) index closed 1.13 points up to 2,658.75 points, confirmed the Nepse. The market has scaled the new high after seven weeks, though it has posted gain yesterday too. But the turnover dropped to Rs 7.30 billion. Yesterday, the market witnessed over Rs 9 billion worth trading of shares. 

Some 15,853,993 shares changed hands through 73,598 transactions. The trading of 212 scrips brought the total market turnover to a little over Rs 7.29 billion.

Trading, and hotels and tourism indices led the list of top gainers with sub-groups surging by 4.39 per cent and 3.24 per cent, respectively. Likewise, hydropower and ‘others’ sub-indices also rose over 1 per cent each. Microfinance, manufacturing and processing, and mutual fund sectors inched higher in the market, where investment and non-life Insurance groups lost some 0.84 per cent and 0.75 per cent. Banking, development bank, life insurance and finance sectors also ended marginally lower.

Shares of Upper Tamakoshi Hydropower were traded the most with turnover of Rs 348 million, whereas IME General Insurance and Nepal Infrastructure Bank followed with turnover of Rs 313 million and Rs 289 million.

While the float index lost 0.18 points and closed at 182.75 points, the sensitive index is at 471.84 after gaining 1.09 points.