The NEPSE Index soars outside 2600 levels with a triple-digit gain

The NEPSE Index soars outside 2600 levels with a triple-digit gain
 At the close of business on the previous trading day, the Nepal Stock Exchange (NEPSE) Index had gained an impressive 113.42 points, or 4.41%, to conclude at 2,681.56 points. There had been a rise of 32 points in the previous session, indicating good movement as well.


With the index opening at 2,606.42 points, trading got underway. Before levelling off at its closing value, it dropped to an intraday low of 2,606.40 points and reached its intraday high of 2,708.58 points. The market attempted to close above the resistance zone at 2,700, as evidenced by this volatility, but it was unable to do so.


A significant turnover of Rs. 15.81 Arba occurred during the day as 318 scrips were exchanged through 163,810 transactions, totalling 40,314,517 shares. 

There was a difference of Rs. 14.73 Kharba in the float market capitalisation and Rs. 42.54 Kharba in the market capitalisation.

In terms of turnover, Kumari Bank Limited (KBL) dominated the market, closing at Rs. 212.40 after reaching a value of Rs. 36.1 crores.

Fifteen firms outperformed the market in terms of stock performance, reaching the positive circuit with a 10% increase. The majority of these companies are commercial banks, suggesting a substantial level of excitement within the banking industry.

On the other hand, with a 9.35% decline, Ganapati Laghubitta Bittiya Sanstha Limited (GMFBS) saw the greatest decline.

Only the microfinance industry came up in red when sector indexes were analysed. The Hotel and Tourism Index gained the least, inclining by 0.46%, while the Banking Index led the gains with a 9.89% increase.




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