KATHMANDU, May 11: Nepal Stock Exchange (NEPSE) on Monday surged 38.19 points to close at 2,783.85 points, continuing a second day's whopping gains after remaining in slump for two weeks.
The secondary market opened at 2,745.65 points and surged to 2,778.38 points in the first 40 minutes, while the index came down eight points in the next 10 minutes. The market remained almost stable for the next three hours as it escalated in the last half an hour before closing for the day.
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All the groups were the gainers. Non-life insurance escalated by the largest of 172.76 points as manufacturing and processing, and life insurance also posted three-digit gains of 147.45 points and 123.26 points, respectively.
The sensitive index, which measures the performance of ‘A’ class companies, also increased 6.08 points. Daily turnover soared to Rs 4.61 billion from Rs 3.28 billion.
Among the individual companies, 247 were the gainers as 18 lost their charms for the investors. Reliance Spinning Mills Limited had the largest turnover of its shares worth Rs 211.11 million.
Forward Microfinance Laghubitta Bittiya Sanstha Limited witnessed the highest gain of 14.19 percent in its market value. Trishuli Jal Vidhyut Company Limited stood as the topmost loser of 2.87 percent.
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