The Nepal Stock Exchange (NEPSE) index edged up by 0.23% on Monday, July 28, closing at 2,971.31 points. This comes a day after the index fell 0.61%, breaking an eight-day winning streak.
A technical glitch initially displayed a decline in the index after trading hours. NEPSE later issued a clarification stating that a system error had caused discrepancies in the weighted average calculation. “We apologise for any inconvenience it may have caused to all concerned parties,” read the note on its website.
Turnover fell sharply to Rs 19.36 billion from Sunday’s Rs 26.57 billion. A total of 44.12 million shares were traded across 170,726 transactions on the day.
Out of 250 listed companies, 115 gained while 135 declined.
The Sensitive and Sensitive Float indices each rose by 0.20%, while the Float Index gained 0.16%.
Trade Tower Ltd (TTL) was the day’s top gainer, hitting the upper circuit limit with its last traded price at Rs 784.30 per share. Bindhyabasini Hydropower Development Co. Ltd (BHDC) was the biggest loser, plunging 9.99%.
Shivam Cements Ltd (SHIVM) led turnover with Rs 925.78 million in transactions. It was followed by Himalayan Distillery Ltd (HDL) at Rs 769.91 million and Ngadi Group Power Ltd (NGPL) at Rs 579.79 million.
Of the 13 sectoral indices, five posted gains. The Trading Index led with a 3.24% rise, while the Non-Life Insurance Index posted the steepest fall, down 0.71%.
Market capitalisation increased to Rs 4,958.13 billion from Rs 4,946.20 billion the previous day.
