Saturday 27th July 2024
The Nepal Stock Exchange or NEPSE gained 2.48 percent on Sunday by accumulating 71.43 points which saw it rise to 2,947.42 points.
The benchmark index started trading at 2887.5 points on Sunday, which is the week’s first trading day in Nepal, happily put 71.43 points by the end of the trading session.
The gain is a positive sign as the stock market faced considerable headwinds in the last week. The Sunday trading session saw plenty of scrips gaining on the first day of trading.
Stock traders traded a total volume of 17,100,333 unit shares which belonged to 231 companies. This trading session was valued at NPR 9.440 billion.
The sensitive index spiked by 2.43 percent to 548.29 points by gaining 13.03 points. This index is the gauge that indicates the performance of Class ‘A’ stocks.
Excepted Mutual fund index, all the sub-indices shot up and posted good gains. The Mutual fund index dipped 0.29 percent while Citizens Mutual Fund lost 0.39 points which amounted to 3.58 percent dip.
The Non-life insurance index was bullish on Sunday’s market as it posted a 424.77 point gain. It was followed by the Manufacturing and Processing index, which gained 299.69 points. Tailwinds propelled the Life insurance index as it gained with 297.71 point increase.
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