Fiscal Nepal
First Business News Portal in English from Nepal
KATHMANDU: The Nepali stock market continued its upward momentum on Thursday, gaining 8.78 points after a strong 44-point rise in the previous trading session. The rally was primarily driven by gains in the banking sector, which lifted the overall market sentiment.
With this increase, the Nepal Stock Exchange (NEPSE) index closed at 2,661 points.
The market, which had been in a declining trend for seven consecutive trading days, has now shifted into recovery mode since Wednesday. Although the index remained mostly in the red throughout the day, a strong late-session rally during the final 45 minutes pushed it into positive territory.
Trading activity also showed improvement. Total turnover rose to Rs 4.11 billion, up from Rs 3.86 billion in the previous session.
Despite the index gain, most listed companies saw price declines. Out of total traded stocks, 108 companies advanced, 152 declined, and 13 remained unchanged.
The market’s rise was largely supported by large-cap stocks, particularly commercial banks. The banking sub-index surged by 2.04 percent, making it the strongest-performing sector of the day and the key driver behind the overall market gain.
Other sectors showed mixed performance. Finance rose by 0.28 percent, life insurance by 0.16 percent, and microfinance by 0.05 percent. Meanwhile, development banks declined by 0.11 percent, hotels and tourism by 0.13 percent, hydropower by 0.26 percent, investment by 0.03 percent, production and processing by 0.86 percent, non-life insurance by 0.34 percent, others by 0.20 percent, and trade by 0.50 percent.
Four hydropower companies hit the 15 percent upper circuit limit: Kalanga Hydropower, Snow River Falls, Sanigad Hydropower, and Upper Lohore Khola Hydropower Company. Three of these companies were recently listed on the exchange.
Among individual gainers, Dhaulagiri Laghubitta rose by 13.67 percent, Atmanirbhar Laghubitta by 10.09 percent, and Crest Micro Life Insurance by 9.53 percent.
On the losing side, Bhujung Hydropower declined by 9.43 percent, Samudayik Laghubitta by 7.83 percent, CYC Laghubitta by 7.23 percent, and Corporate Development Bank by 5.56 percent.
In terms of trading volume, the most active companies included Laxmi Sunrise Bank, Reliance Spinning Mills, Nabil Bank, Global IME Bank, Ankhu Khola Hydropower Company, and Sahas Urja.
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