NEPSE Breaks Its Downward Trend; Surges by 21.30 Points

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NEPSE Breaks Its Downward Trend; Surges by 21.30 Points

November 6: Nepal Stock Exchange (NEPSE) Index gained 21.30 points or 1.16%  and closed at 1847.54 points on the second trading day of the week, Monday.

The secondary benchmark index lost 21.46 points yesterday. The market has been consistently declining since the Nepal Rastra Bank unveiled its monetary policy for the fiscal year 2023/2024.

Market analysts and investors attributed to today's rise as a possible break to the continuous fall of the market. They said that the market might have reversed.

However, they cautioned that market will pick the momentum only after the capital market-friendly policies are executed.

During today’s trading, 283 scrips were traded through 47,231 transactions. Likewise, a total of 3,555,670 units of shares exchanged their hands, amount to Rs 93 crores.

Soaltee Hotel Limited(SHL) had the highest turnover of 6.43 crores, closing at a market price of Rs 428.50 per share.

Hathway Investment Nepal Limited(HATHY) gained the highest 9.98%, closing at a market price of Rs 365.80, while Laxmi Laghubitta Bittiya Sanstha Ltd.(LLBS) experienced the highest loss of 4.28%.

In terms of sector indices, all sectors closed in the green territory. Hotels And  Tourism Index gained the highest 3.73%, while Microfinance Index gained the least 0.26%.

Sensitive Index gained 0.94%, while Float Index and Sensitive Float Index experienced a gain of 1.04% and 0.8%respectivewly.

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