NEPSE Index; Turnover Increase Slightly

The Nepal Stock Exchange (NEPSE) index increased by 6.9 points, or 0.24%, on Tuesday (September 3), the third trading day of the week, to close at 2,830.2 points.

The session witnessed the trade of a total 328 scripts in 144,197 transactions.

Over 30 million shares were traded on the day, leading to a turnover exceeding Rs 13.5 billion. On Tuesday, the market had recorded a turnover of around Rs 13 billion.

The index had reached as high as 2,860.43 points during the intra-day trading, which, the analysts say, encouraged many to put their stock on sale. As a result, the index had dropped to as low as 2,802.92 points.

Most investors seem to have followed the ‘wait and see’ strategy today, analysts claim.

The non-life insurance sub-index surged the highest at 4.78%. 

While the Sensitive Index and Float Index rose by 0.21% and 0.28%, the Sensitive Float Index dropped by 0.41%.

NLG Insurance Company Ltd. (NLG) became the top gainer of the day, by hitting the upper circuit limit. Six other companies also saw their share prices rise by 10%.

On the contrary,Himalayan Power Partner Ltd. (HPPL) became the top loser with its share prices dropping by 8.86%.

NLG led the pack on the turnover front as well, followed by Goodwill Finance Limited (GFCL).

Only five of the 13 Nepse sub-indices closed in green, with the Finance Index seeing the biggest drop of 1.57%.