NEPSE Slightly Increases to 2974.46 Points on Last Trading Day of the Week

The Nepal Stock Exchange (NEPSE) witnessed a slight increase of 6.01 points, or 0.2%, on Thursday, closing at 2,974.46, on the last trading day of the week.

The session witnessed the trade of 333 scrips in 216,455 transactions.

A total of 40,951,720 units of shares were exchanged, resulting in a turnover of over Rs 19.16 billion, a little increment from nearly Rs 19 billion on Wednesday.

The transaction amount, which had reached nearly Rs 30 billion last Thursday and nearly Rs 29 billion on Sunday, have significantly dropped in the last two days. 

The market had remained closed on Monday and Tuesday because of public holidays. 

Stock analysts say that the turnover amount has dropped as many investors have booked profits, and are waiting for an opportune moment to enter the market.

The Shine Resunga Development Bank (SHINE) led in the turnover with transactions worth over Rs 1 billion.

While Seven companies gained 10% each, hitting the upper circuit limit for the day, the 10.25% SBL Debenture 2083 (SBLD83) suffered the greatest loss, dropping 10% and hitting the negative circuit limit.  

The Sensitive Index, Float Index and Sensitive Float Index rose by 0.7%, 0.41% and 0.91%, respectively. 

In terms of sector performance, seven sector indices closed in green while remaining six closed in red.

The Development Bank Index experienced the highest surge of 4.52%, while the Trading Indes saw the steepest decline of 1.55%.