Posted on 2009-07-09
KATHMANDU: The Nepal Stock Exchange (NEPSE) rose for the third consecutive day as investor confidence returns with the resumption of the House ending a two-month-long political deadlock. The NEPSE index jumped 9.41 points on Tuesday to close at 685.55.
All the major sub-indices on NEPSE registered a positive growth with banking and hydropower rising by double digits. The banking index was up 13.61 points while hydropower grew by 12.46 points. Likewise, the development bank, finance and insurance sub-indices increased by 8.88 points, 2.16 points and 1.25 points respectively. Among the 21 commercial banks on NEPSE, Nabil Bank posted the biggest growth with its stock rising by 119 points while Everest Bank´s convertible preference shares lost the most on the trading floor on Tuesday.
Similarly, among the 12 development banks whose shares were traded on NEPSE on Tuesday, Ace Development Bank witnessed the highest increase of 30 points while Sanima Bikas Bank dropped 27 points. Shares of 17 financial institutions were traded on NEPSE on Tuesday with 11 gainers and six of them seeing a fall in their share prices. Likewise, Fewa Finance was the highest gainer among finance companies with an increase of 61 points in its share price.
The turnover at NEPSE on Tuesday stood at Rs. 41.87 million with 74,501 units of shares changing hands.
The top five gainers on NEPSE were Fewa Finance with a 9.87 percent rise in its stock price followed by Bhrikuti Bikas Bank, Kumari Bank, Himalayan Bank and Ace Development Bank.
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