NEPSE: Market crosses 2,000 as Manufacturing shows strong growth


Kathmandu, February 27

The NEPSE index increased by 9.34 points on Wednesday, closing the day at 2,001.64 points.

The market initially surged to as high as 2,002 points within the first 20 minutes but subsequently dipped to a low of 1,981. However, it steadily climbed back up, reaching as high as 2,007 before settling at 2,001 points by the end of the day.

Share prices of 143 listed companies went up while prices of 89 went down with 16 remaining stable.

The total turnover, however, went down. Monday’s turnover was Rs 2.1 billion which dropped to Rs 1.86 billion on Tuesday.

The group indicators show a mixed picture, with some groups experiencing growth while others seeing a decline. The Manufacturing group saw the most significant increase, rising by 3.5 per cent. Along with Manufacturing, Banking increased by 5 points, Development bank by 5 points, Hydropower by 11 points, Microfinance by 12 points, Non-life insurance by 77 points, and Tradomg by 29 points.

On the other hand, other sectors such as Finance decreased by 5 points, while Life insurance decreased by 8 points, and Hotel and tourism by 2.8 points.

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