Kathmandu, July 9
The stock market witnessed a surge in interest towards Development Banks and Microfinance institutions on Tuesday. The overall NEPSE index saw an increase of 15.79 points, or 0.73 per cent, closing at 2152 points.
This rise was driven by significant gains in the Development Bank and Microfinance indices, which climbed by 2.4 per cent and 3.0 per cent respectively. Trading volumes also surged, with the total turnover reaching Rs 5.53 billion, up from the previous day’s Rs 4.56 billion. The prices of 168 companies rose, while 68 saw a decline, and 10 remained unchanged.
Sector-wise, notable gains were observed in Banking (up by 6 points), Development Banks (109 points), Hydropower (13 points), Life Insurance (27 points), Microfinance (142 points), Non-Life Insurance (48 points), and Others (10 points). Conversely, Finance (down by 3 points), Hotels and Tourism (15 points), Manufacturing (35 points), and Trading (9 points) experienced declines.
Ganapati Microfinance and Aatmanirbhar Microfinance saw their stock prices soar by 10 per cent. Other notable gainers included Buddha Bhumi Hydropower (up by 9.9 per cent), Unique Nepal Microfinance (9.7 per cent), Sabai Ko Microfinance (9.1 per cent), Mahila Microfinance (8.8 per cent), Support Microfinance (8.7 per cent), and Jaalpa Microfinance (8.2 per cent).
On the downside, Nepal Finance’s stock price fell by 4 per cent, while Bottlers Nepal Balaju and Janaki Finance dropped by 3.9 per cent and 3.2 per cent respectively.
In terms of trading volume, NRN Infrastructure, Nepal Finance, Janaki Finance, Ngadi Group, and Global IME Microfinance led the market.
