NEPESE Posts Double Digit Gains; All Sub-Indices Close in Green Except Hydropower

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NEPESE Posts Double Digit Gains; All Sub-Indices Close in Green Except Hydropower

September 10: The Nepal Stock Exchange(NEPSE) Index gained 10.23 points or 0.52% and closed at 1942.68 points on the first trading day of the week, Sunday.

Sensitive Index increased by 0.62%, while Float Index and Sensitive Float Index gained 0.53% and 0.66% respectively.

The Ministry of Finance has provided the facility to calculate 60 percent of the amount kept in the local level's fund as a deposit.

This provision will increase the deposit by approximately 60 billion rupees. This will contribute to reducing the interest rate.

If the interest rate decreases, financial experts say it will have a positive impact on the stock market.

Experts on the stock market say that market gained some points today as the market has almost reached the buying zone.

During today's trading, a total of 276 scrips exchanged their hands through 33,064 transactions.

A total of 4,314,417 shares representing a turnover of Rs. 1.07 billion were traded.

Himal Dolakha Hydropower Company Limited (HDHPC) recorded the highest turnover of Rs. 8.56 crores and closed at a market price of Rs. 118

Similarly, Suryodaya Womi Laghubitta Bittiya Sanstha Limited (SWMF) gained the highest 10%, followed by Shuvam Power Limited (SPL) with 9.99%.

Meanwhile, Himal Dolakha Hydropower Company Limited (HDHPC) lost the highest 7.81% today.

In terms of sector indices, only the Hydropower Index closed in the red zone. "Trading Index" gained the highest 1.67% while "Manufacturing and Processing Index" and "Mutual Fund" gained the least 0.17% today.

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