NEPSE rebounds with 22pt gain

KATHMANDU, July 28 - The Nepal Stock Exchange (NEPSE) pulled out of its dive and surged upward to end the day with a 22.53-point gain on Monday.
Almost all the sub-indices saw an increase on the floor with banking standing on top with an increase of 38.8 points. The development bank sector went up by 9.39 points while the finance sector increased 0.99 point.
The share market witnessed a total turnover of Rs. 109.319 million with 171,276 shares being traded on Monday. Shares of 55 companies were traded on NEPSE on Monday.
Among the 21 commercial banks listed on NEPSE, Nabil Bank posted the biggest growth with its stock rising by 390 points while NMB Bank lost the most on the trading floor by shedding 8 points. Similarly, among the 13 development banks whose shares were traded on NEPSE on Monday, Sanima Bikas Bank witnessed the highest increase of 43 points while Annapurna Bikas Bank dropped 13 points.
Among the 15 finance companies, ICFC Bittiya Sanstha was the highest gainer among finance companies with an increase of 26 points in its share price. Capital Merchant Banking and Finance Company lost 13 points.
The top winner on NEPSE was Nepal Bangladesh Bank with a 10 percent rise in its stock price. Similarly, the top loser on Monday were nnapurna Bikas Bank which fell by 2.91 percent.
Kumari Bank topped the chart in terms of turnover with Rs. 11.817 million.
Kantipur Report