NEPSE Records Double-Digit Gain, Led by Non-Life Insurance Sector – March 7, 2024

The Nepal Stock Exchange (NEPSE) witnessed a notable increase of 13.51 points, equivalent to 0.67%, closing at 2,030.55 points compared to the previous day. This gain followed a positive trend from the previous trading session, where the index experienced an increase of 9.33 points.

The trading day commenced with the NEPSE index opening at 2,020.95, reaching an intraday low of 2,017.00, and achieving an intraday high of 2,040.90.

Throughout today’s trading activities, a total of 309 different stocks were traded in 47,699 transactions. The volume of shares traded amounted to 8,929,152, with a total turnover of Rs. 3.19 Arba. The market capitalization stood at Rs. 31.91 Kharba, and the float market capitalization was Rs. 10.90 Kharba.

Nepal Reinsurance Company Limited Promoter Share (NRICP) took the lead in turnover, reaching Rs. 56.20 crores.

Among the gainers in today’s trading, Peoples Hydropower Company Limited (PHCL) exhibited the highest increase of 10%, followed by Chirkhwa Hydropower Limited (CKHL) with a gain of 8.97%.

Conversely, NIC ASIA Growth Fund-2 (NICGF2) faced the highest loss of 6.21%, trailed by Samling Power Company Limited (SPC) with a loss of 5.02%.

In the sector indices, three sectors closed in the red today. The “Non-Life Insurance Index” recorded the highest gain of 1.56%, while the “Mutual Fund Index” experienced a loss of 0.79%.


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