Kathmandu, July 11
The Nepali share market has achieved a significant milestone by surpassing the 2200-point mark for the first time in nearly a year. On Thursday, the NEPSE index closed at 2204 points, marking the first time since July 23 last year that the market crossed this threshold. Compared to the previous day, the NEPSE index saw an increase of 29.21 points.
Previously, the NEPSE index had closed at 2227 points on July 23 last year, with investors considering the 2200-point mark as a critical resistance level.
Trading volume also surged, with the total turnover reaching Rs 7.08 billion, up from Rs 5.74 billion the previous day. The value of 154 companies increased, while 78 companies saw a decline, and 12 remained stable. The life insurance and banking sectors experienced the most significant gains.
The life insurance sector rose by 3.06 per cent, while the banking sector increased by 2.42 per cent. In terms of points, the banking sector grew by 28, development banks by 7, finance companies by 7, hotels and tourism by 33, hydropower by 37, life insurance by 318, manufacturing by 4, non-life insurance by 111, and other sectors by 25 points. Conversely, the microfinance sector fell by 25 points, and the trading sector dropped by 11.
Among individual stocks, Balefi Hydropower saw a 10 per cent increase in its share price. Janaki Finance increased by 8.7 per cent, Prabhu Mahalaxmi Life by 7 per cent, Madhyabhotekoshi by 5.5 per cent, Himalayan Bank by 5.5 per cent, and Mountain Hydro by 5.4 per cent. On the other hand, Samaj Laghubitta’s price decreased by 4.5 per cent, Sadhana Laghubitta by 4.5 per cent, and Aatmanirbhar Laghubitta by 3.6 per cent.
Based on turnover amounts, the leading companies were CEDEB Hydropower, Global IME Bank Promoter, Himalayan Reinsurance, Sanima GIC Insurance, and NRN Infrastructure.
