Kathmandu, April 10
On the final trading day of the week, Nepal’s stock market index (NEPSE) dropped by 5.57 points, settling at 2,670.
The index had reached a high of 2,687 points earlier in the day but failed to sustain the momentum. The Sensitive Index, which tracks ‘A’ class companies, fell by 0.04 %.
Despite the slight dip in the index, overall trading volume rose. The market recorded transactions worth Rs 5.63 billion, up from Rs 4.44 billion the previous day. Prices of 113 companies increased, 131 declined, and one remained unchanged.
Most sectoral indices declined, with all fluctuations staying within 1%. The Banking sector fell by 0.09%, Finance by 0.49%, Hotels and Tourism by 0.41%, Investment by 0.29%, Life Insurance by 0.32%, Manufacturing by 0.87%, Non-Life Insurance by 0.20%, Others by 0.90%, and Trade by 0.11%. On the positive side, Microfinance rose by 0.38%, Hydropower by 0.09%, and Development Banks by 0.03%.
Two companies posted a 10% gain in share price: Nepal Micro Insurance and Crest Micro Life Insurance. Nepal Micro Insurance’s share price reached Rs 402.20, while Crest’s hit Rs 332.70 per unit.
Both companies were recently listed on the exchange, and due to high demand and limited supply, their prices are expected to rise by the daily maximum for a few more days.
Other notable gainers included Sindhu Development Bank, up 7.98%, and Win Nepal Laghubitta, up 7.28%. The day’s biggest loser was Bottlers Nepal Balaju, down 4.37%, followed by Himalayan Power Partner at 2.72%, and Shubham Power at 2.45%.
The most actively traded stocks were Radhi Hydropower, NRN Infrastructure, Himalayan Reinsurance, CEDB Holdings, and Ngadi Group.
