Nepse Rises Ahead of Dashain Holiday
Kathmandu – The stock market saw a double-digit gain on Sunday, the day before the Dashain holiday. The Nepal Stock Exchange (Nepse) index increased by 11.51 points, closing at 2663.51 points. The sensitive index, which measures the performance of ‘A’ class companies, also rose by 3.22 points to close at 462.50 points. Similarly, the float index increased by 1.17 points, and the sensitive index saw a gain of 1.10 points.
On Sunday, 7,511,193 shares of 314 companies were traded, resulting in a total turnover of 2.93 billion, which is 324.5 million less than Thursday’s trading volume. On Thursday, 7,953,740 shares of 327 companies were traded, with a total turnover of 3.26 billion.
There were 39,859 share transactions on Sunday.
The share prices of 170 companies increased, while share prices of 69 companies decreased. The stock prices of 12 companies remained stable. On this day, ten sub-groups increased, while three sub-groups decreased. The banking sub-group increased by 12 points, development bank by 28 points, finance by 2 points, hydropower by 24 points, investment by 0.15 points, life insurance by 102 points, manufacturing and processing by 38 points, microfinance by 30 points, mutual fund by 0.19 points, and non-life insurance by 37 points. Meanwhile, hotel and tourism decreased by 10 points, trading by 50 points, and other groups by 3 points.
The companies with the highest turnover in terms of value were Union Hydropower Limited, Nepal Reinsurance, Shivam Cement, NMB Bank Promoter Share, and Himalayan Reinsurance. Union Hydropower Limited had a turnover of 241.1 million, Nepal Reinsurance had 110 million, Shivam Cement had 81.8 million, NMB Bank Promoter Share had 81.3 million, and Himalayan Reinsurance had 77.8 million.
