Kathmandu, August 14
Nepal’s stock market saw a notable gain on Wednesday as the NEPSE index climbed by 34.29 points, closing at 2,957 points. The day also witnessed a significant increase in trading volume, with transactions reaching Rs 23.43 billion, up from Rs 21.51 billion on the previous day.
Most sectors of the stock market performed positively. Development Banks led the gains with a 3.07 per cent increase, followed by Finance companies (7.67 per cent), Hotels and Tourism (2.37 per cent), Hydropower (1.91 per cent), and the Investment sector (2.49 per cent). The Banking sector rose by 0.72 per cent, while Manufacturing (0.64 per cent), Non-Life Insurance (0.74 per cent), Others (0.83 per cent), and Trading (0.39 per cent) also posted moderate gains.
However, not all sectors performed well, as Microfinance dipped by 0.70 per cent, and Life Insurance saw a marginal decline of 0.08 per cent.
Several companies experienced significant price surges. Stock prices of Central Finance, Samriddhi Finance, Progressive Finance, Matribhumi Microfinance, HIDCL, Mountain Hydro Nepal, Himalayan Hydropower, Inga Hydropower, Upper Syange Hydropower, Goodwill Finance, and Api Power all rose by 10 per cent. Manjushree Finance and Threestar Hydropower followed with gains of 9.8%, while Best Finance increased by 8.5 per cent.
On the downside, Mandakini Hydropower saw a 10 per cent decline in its stock price, with Bindhyabasini Hydropower and Midsolu Hydropower also experiencing significant drops of 8.4 per cent and 8 per cent, respectively.
In terms of trading volume, Himalayan Reinsurance, Shivam Cement, Api Power, Nepal Finance, and Sanima Mai Hydropower led the market, reflecting strong investor interest in these companies.
