Nepse gains 57 points, adds Rs 100 billion in market value
Summary
The Nepal Stock Exchange (Nepse) gained 57 points this week, adding Rs 100 billion to market capitalization as manufacturing, trading, and hydropower stocks drove growth despite a slight dip in turnover.
Key Points
- The Nepal Stock Exchange benchmark index rose by 57.06 points to close at 2,734.60, driven by manufacturing, trading, and hydropower stocks.
- Market capitalization increased by Rs 100 billion to Rs 4.70 trillion during the week, reflecting broader market recovery.
- Weekly turnover declined by 2.95 percent to Rs 28.33 billion following a previous week supported by debenture sales.
- Analysts expect the market to keep rising through July and August, supported by seasonal trends and government policies, but sustained rally needs increased trading activity.
