Kathmandu,January 19
The Nepal Stock Exchange (Nepse) index increased by 12.58 points on Sunday, the first trading day of the week, closing at 2601.21 points.
On the last trading day of the previous week, Thursday, the index had dropped by 7.33 points to 2588.62. Similarly, on Wednesday, the index had closed at 2585.86 points.
Despite significant declines in the finance sector last week, Sunday saw a rebound. Other sectors such as hydropower, investment, life insurance, manufacturing, microfinance, non-life insurance, banking, development banks, and others also showed gains. However, the hotel and tourism sector and mutual funds experienced declines.
Investors in finance companies had perceived higher risks last week, leading to an increase in share sales. On Sunday, the share prices of 171 companies rose, while 68 saw declines. Prices of four companies remained unchanged.
According to Nepse, a total of 12.98 million shares were traded on Sunday, amounting to a turnover of Rs 6.25 billion.
Among the gainers, Bottlers Nepal Balaju saw its share price surge by 10%. Similarly, Win Nepal Microfinance increased by 9.09%, Samling Power Company by 7.46%, Nepal Republic Media by 7.37%, and NMB Debenture by 7.35%.
Conversely, the shares of Super Madi Hydropower dropped the most, declining by 10%. Other decliners included NIC Asia Select Fund (6.93%), River Falls Power (6.45%), KBL Debenture 11% (5.25%), and Upper Hewakhola Hydropower (4.42%).
The highest turnover of the day was recorded by NRN Infrastructure, with transactions worth NPR 268.5 million. This was followed by Super Madi Hydropower with Rs 244.5 million and Sanima Middle Tamor Hydropower with Rs 151.5 million.
