The Nepal Stock Exchange (NEPSE) had a strong performance on June 25, 2023, closing at 2,117.73. This represented an impressive gain of 62.21 points from the previous trading day’s closing. In percentage terms, the index increased by 3.03%.
The day’s trading volume was also significant, with a total of 4.69 million shares traded. This was the highest turnover in over 5 and half months.
The rise in the NEPSE index was driven by gains in several key sectors, including banking, finance, and manufacturing. The banking sector index gained 4.19%, the finance sector index gained 2.73%, and the manufacturing sector index gained 2.22%.
The overall positive sentiment in the stock market was attributed to a number of factors, including the recent economic growth in Nepal, the improvement in the country’s political stability, and the ongoing efforts to attract foreign investment.
The strong performance of the NEPSE index on June 25 is a positive sign for the Nepali stock market. It suggests that investors are confident in the long-term prospects of the Nepali economy.
Here are some of the key takeaways from the NEPSE news:
- The NEPSE index closed at 2,117.73, up 62.21 points from the previous day.
- The day’s trading volume was 4.69 million shares, the highest in over 5 and half months.
- The banking, finance, and manufacturing sectors were the main drivers of the index’s gains.
- The overall positive sentiment in the stock market was attributed to a number of factors, including economic growth, political stability, and foreign investment.