Nepse surges by 53.69 pts in historic week

The Nepal Stock Exchange Ltd (Nepse) index this week set series of high records for three days - Monday, Tuesday and Wednesday before closing with a weekly gain of 53.69 points to 1,101.36 points.

The Nepse index on Monday witnessed growth by 27.67 points to 1075.34 points. Similary, on Tuesday and Wednesday it ragistered the historic highs of 1102.1 points and 1128.13 points.

However, on Thursday, the Nepse cool down to 1101.36 points. On December 17 last year, Nepse index had touched 1064.1 points.

According to Nepse data, commercial banks were the best performers during the week, with their combined index rising 71.34 points. Their index rose to 1,166.98 points. Investors of the hydropower sector made growth by 43.70 points to close at 1,311.54 points.  The shares of finance companies gained 12.24 points, as their index finished at 1,201.21 points. Similarly, the hotel sector index increased by 2.01 points to 345.58 points.

The insurance companies and development banks' groups however lost this week. The index of the insurance sector shed 9.21 points, while the index of the development banks' group declined by 11.55 points.

With a total turnover of Rs 449.7 million, Nepse this week traded 606,775 units of shares.

NCC Bank with Rs 48.95 million, Bank of Kathmandu with Rs 37.86 points, Nepal Investment Bank with Rs 27.52 million, Cosmic Merchant Banking and Finance with 23.17 million and NIC Bank with Rs 23.12 million stood in top five gainers in terms of monetary value this week.

Altogether, 67 companies of all the listed companies saw their shares traded in the Nepse floor this week.