The Nepal Stock Exchange (NEPSE) index closed higher on Tuesday, March 3, the final trading day before the House of Representatives elections scheduled for Thursday, March 5.
Extending gains for a fifth consecutive session, the benchmark index rose 1.44 percent, or 38.52 points, to settle at 2,712.49. This marked the largest percentage increase since January 25, when the index had advanced 2.12 percent.
Earlier this week, the market gained 0.71 percent on Sunday. Trading remained suspended on Monday due to the public holiday for the Holi festival.
Daily turnover increased to Rs 6.23 billion from Rs 5.64 billion recorded on Sunday. A total of 15,184,607 shares were traded through 61,329 transactions.
All major sub-indices ended in positive territory. The Sensitive Index climbed 1.36 percent, the Float Index added 1.64 percent, and the Sensitive Float Index rose 1.54 percent.
Of the traded companies, 254 advanced, six declined and two remained unchanged.
Salapa Bikas Bank Limited (SABBL) continued to lead the gainers, surging 9.99 percent to close at Rs 707.10 per share. Panchakanya Mai Hydropower Ltd (PMHPL) followed with a 9.89 percent gain.
Shuvam Power Limited (SPL) fell 2.53 percent to become the biggest loser.
Ankhu Khola Jalvidhyut Company Ltd (AKJCL) topped the turnover chart, with shares worth Rs 346.53 million changing hands. It was followed by Ridi Power Company Limited (RIDI) and SY Panel Nepal Limited (SYPNL).
Among the 13 sectoral indices, only the Trading Index ended in negative territory, slipping 0.88 percent. The Hydropower Index posted the highest gain, rising 2.12 percent.
Total market capitalisation increased to Rs 4,563.13 billion from Rs 4,498.32 billion on Sunday.
The market will reopen on Monday, March 9, after a three-day public holiday from March 4 to 6 for the March 5 elections, followed by the International Women’s Day holiday on March 8.
you need to login before leave a comment
Write a Comment
Comments
No comments yet.