In a continuation of last week’s upward trend, the Nepal Stock Exchange (NEPSE) Index gained 0.08% or 2.40 points Sunday, July 6, to close at 2,706.36.
It closed in the green every trading day last week–1.09%, 0.35%, 1.02%, 1.29% and 0.33% from Sunday to Thursday, respectively–surging 4.17% in comparison to previous week, supported by a nearly 14% rise in turnover.
Despite an increase in trading activity, daily turnover on the week’s first trading day fell to Rs 9.50 billion. It was Rs 9.64 billion last Thursday. A total of 27.13 million shares were traded in 87,398 transactions Sunday, compared to the trade of 24.1 million shares in 96,411 transactions the previous trading day.
All major sub-indices, too, ended in negative territory. The Sensitive Index, which tracks large-cap stocks, slipped 0.14%; the Float Index dipped 0.12%; and the Sensitive Float Index declined 0.21%.
Of the 249 listed companies that were traded, 87 advanced while 162 declined.
Nepal Finance Ltd (NFS) was the top gainer, hitting the upper circuit. Its last trading price was Rs 763.60 per share. The 12% Goodwill Finance Limited Debenture 2083 (GWFD83) was the biggest loser, falling 8.87% to settle at Rs 1,308.30 per share.
Nepal Reinsurance Company Limited (NRIC) led in turnover with transactions worth Rs 494.01 million. It was followed by Laxmi Sunrise Bank Limited Promoter Share (LSLPO) and Himalayan Reinsurance Limited (HRL) with turnovers of Rs 378.11 million and Rs 342.47 million, respectively.
Among the 13 sectors, seven closed in the green. The Others Index gained the highest, 3.06%, while the Development Bank Index witnessed the sharpest loss, 1.53%.
Total market capitalization increased to Rs 4,509.19 billion from Rs 4,505.19 billion the previous trading day.
