Kathmandu, August 28
The Nepal Stock Exchange (NEPSE) witnessed a modest increase of 3.8 points on Wednesday, closing at 2,786 points after a day of significant market fluctuations.
The market initially surged to 2,860 points around 12:15 pm but failed to maintain this momentum, dropping to 2,762 points at its lowest before closing slightly higher. Despite the index gain, the total trading volume significantly decreased, falling to Rs 13.72 billion from Rs 18.64 billion on the previous day.
Sector performance was mixed. The Banking Group Index rose by 0.92 per cent, Hotels and Tourism by 0.09 per cent, Hydropower by 0.49 per cent, Investment by 1.01 per cent, Manufacturing by 0.03 per cent, and Others by 0.09 per cent. On the downside, Development Banks declined by 0.80 per cent, Finance by 1.69 per cent, Life Insurance by 0.44 per cent, Microfinance by 1.08 per cent, Non-Life Insurance by 0.97 per cent, and Trading by 1.43 per cent.
Of the stocks traded, 98 companies saw their prices rise, while 142 experienced declines and 4 remained unchanged. Notably, Liberty Energy, Himalayan Hydropower, Midsolu Hydropower, Aatmanirbhar Laghubitta, and Maikhola Hydropower each saw a 10 per cent increase in their stock prices.
Meanwhile, People’s Hydropower’s stock increased by 9 per cent, Threestar Hydropower by 7.7 per cent, and HIDCL by 5.6 per cent. On the other hand, Karnali Development Bank’s stock dropped by 6.8 per cent, Sworojgar Laghubitta and Uppersolu Hydropower each fell by 5.1 per cent, and Multipurpose Finance decreased by 4.9 per cent.
In terms of trading volume, Chandragiri Hills, Nepal Finance, Himalayan Reinsurance, Api Power, and Arun Valley Hydropower emerged as the top performers.
