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NEPSE Surges: Trading Group Soars by 420.89 Points, Index Up 23.86

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On Wednesday, Nepal Stock Exchange (NEPSE) increased by 23.86 points and finished trading at 2,700.04 points.

The secondary market commenced trading at 2,676.17 points and quickly dropped to the lowest point of the day at 2,670.58 within the initial 14 minutes. However, the index then followed an ascending trend, reaching the highest level of 2,712.13 points over the subsequent two and a half hours. In the final stretch of the session, the market declined by approximately 12 points before closing for the day.

Among the two declining sectors—manufacturing and processing, as well as non-life insurance—the former dropped by 106.62 points and the latter by 33.06 points. In contrast, out of the 11 advancing sectors, trading saw an impressive increase of 420.89 points.

The delicate index tracking the progress of ‘A’ category firms went up by 1.08 points. The daily trading volume decreased marginally to Rs 5.44 billion from Rs 5.79 billion compared to Tuesday.

Out of the individual firms, 166 experienced gains whereas 78 reported losses. CEDB Holdings Limited led with a turnover of Rs 365.55 million.

Central Finance Co Ltd saw its market value increase by 10 percent, making it the top performer. Meanwhile, Bottlers Nepal (Balaju) Limited experienced the largest decline.

Published by HT Digital Content Services with authorization from Republica.

Provided by SyndiGate Media Inc.
Syndigate.info
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