Marking a third straight day of gains, the Nepal Stock Exchange (NEPSE) index rose 1.83 percent, or 47.55 points, to close at 2,633.42 on Sunday, December 28.
Market participants said investor sentiment improved after Kathmandu Metropolitan City Mayor Balendra Shah and the Rastriya Swatantra Party (RSP) signed a pre-election pact for the upcoming House of Representatives polls.
The benchmark index had gained 0.05 percent last Wednesday and 0.12 percent on Tuesday. Trading was suspended on Thursday – the last trading day of the week – due to the public holiday for Christmas.
Turnover also jumped sharply on the first trading day of the week. Total transactions reached Rs 5.53 billion, up from Rs 3.22 billion in the previous trading day.
More than 13.46 million shares were traded through 89,251 transactions. In the previous session, 7.22 million shares had changed hands in 62,768 transactions.
Of the traded securities, 238 advanced while 21 declined.
All major sub-indices closed higher. The Sensitive Index climbed 1.84 percent. The Float Index gained 1.92 percent. The Sensitive Float Index advanced by 1.88 percent.
Mid Solu Hydropower Limited (MSHL) led the gainers, surging 9.49 percent. It was followed by Infinity Laghubitta Bittiya Sanstha Limited (ILBS), which rose 5.32 percent.
Wean Nepal Laghubitta Bittiya Sanstha Limited (WNLB) was the biggest loser, hitting the lower circuit.
Union Hydropower Limited (UNHPL) topped the turnover chart with transactions worth Rs 276.04 million. Manjushree Finance Ltd. (MFIL) and Synergy Power Development Ltd. (SPDL) followed.
All 13 sectoral indices ended in positive territory. The Finance Index posted the highest gain at 2.70 percent. The Others Index rose 2.55 percent, while the Development Bank Index climbed 2.28 percent.
Total market capitalisation increased to Rs 4,421.58 billion, up from Rs 4,341.73 billion in the previous trading day.
you need to login before leave a comment
Write a Comment
Comments
No comments yet.