Gaining 59.68 points, the NEPSE Index has crossed the 2,400 mark, and turnover has shot up to Rs. 15.54 Arba.
The NEPSE Index experienced a notable upswing, closing at 2,424.32, indicating a noteworthy increase of 59.68 points, or 2.52%, over the day’s finish. Following its breakout of the 2300 barrier the day before, this upward trend persisted, suggesting that traders and investors were feeling upbeat.
The index opened at 2,373.53 points and closed at 2,424.32 after reaching an intraday low of 2,355.59 points and a high of 2,459.94 points.
Throughout the trading session, investors exchanged 312 equities through 184,712 transactions. There was a notable turnover of Rs. 15.54 Arba due to the 39,938,237 shares that were exchanged in total. This represents the largest turnover in the last three years; the previous top was at Rs. 15.65 Arba on August 29, 2021, during the bull market. The float market capitalisation was Rs. 13.23 Kharba, whilst the reported market capitalization was Rs. 38.46 Kharba.
Nepal Finance Ltd. (NFS) topped the market by achieving the highest turnover of Rs. 42.46 crores, and closed at Rs. 997.80.
Five companies experienced a 10% increase in their stock performance, causing them to reach the positive circuit for the day.
The steepest decline for the day was observed in Kumari Sabal Yojana (KSY), with a loss of 5.76%.
Two industrial indexes had negative final results: the Finance sector saw the biggest decline at 1.27%, while the Banking Index saw the largest gain at 6.28%.
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