Fiscal Nepal
First Business News Portal in English from Nepal
KATHMANDU: Nepal’s stock market moved higher in mid-week trading as both the index and turnover improved amid an election-focused national environment.
On Wednesday, the benchmark index of the Nepal Stock Exchange (NEPSE) rose by 10.30 points to close at 2,648.90, continuing the upward momentum seen in the previous session.
Most sector indices advanced during the day. Except for finance, mutual funds, and trading, all sub-groups posted gains. The life insurance sector recorded the highest rise, climbing 1.79 percent and supporting overall market sentiment.
Share prices of 157 companies increased, including newly listed firms Salapa Development Bank and Reliance Spinning Mills, both of which hit the positive circuit limit.
Other notable gainers included several microfinance and hydropower companies, while market breadth remained mixed overall.
Meanwhile, share prices of 90 companies declined and 13 remained unchanged. Investors in Himalayan Power Partner faced the largest losses as its stock dropped by 5.98 percent.
Total market turnover reached NPR 4.45 billion, showing a clear improvement from the previous trading day.Among the most actively traded stocks, Aankhu Khola Hydropower led with transactions worth about NPR 286.9 million. It was followed by Ngadi Group Power, along with other energy and manufacturing firms recording strong trading volumes.
On Tuesday, the NEPSE index had already climbed by 21.62 points to 2,638.60, with turnover of NPR 4.23 billion, indicating a continuing recovery trend in the market this week.
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