Kathmandu, February 5
The Nepal Stock Exchange (NEPSE) index declined by 4.45 points on Wednesday, settling at 2,711. Despite the overall market dip, the total trading volume saw a slight increase.
While the previous day’s transactions amounted to Rs 8.91 billion, Wednesday’s turnover rose to Rs 8.95 billion. A total of 113 companies recorded gains, 122 saw declines, and 7 remained unchanged.
Amidst the broader market downturn, the finance sector witnessed significant growth, surging by 5.67%. Investors were drawn to the sector, particularly as many low-cap stocks appeared attractive, leading to a sudden rise in its performance.
Meanwhile, the hydropower sector gained 0.04%, non-life insurance rose by 0.19%, and the “others” category edged up by 0.28%. In contrast, banking declined by 0.26%, development banks by 0.91%, hotels and tourism by 0.48%, investment by 0.24%, life insurance by 0.31%, manufacturing by 0.81%, microfinance by 0.26%, and trading by 1.42%.
Among top gainers, Upakar Laghubitta, Chhyangdi Hydropower, and Central Finance surged by 10%. Pokhara Finance rose by 9.81%, Samriddhi Finance by 9.46%, Bhugol Energy by 9%, and Guheshwari Merchant Finance by 8%. Conversely, two companies—Samudayik Laghubitta and Corporate Development Bank—saw a 10% decline.
In terms of trading volume, Nepal Reinsurance Company, Himalayan Power Partner, Saptakoshi Development Bank, Green Development Bank, and Himalayan Urja Development Company led the market.
