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NEPSE: Stock market rose to 2753, hotel sector gains traction

NEPSE

Kathmandu, November 17

The stock market witnessed transactions worth Rs 11.72 billion on Sunday, marking a 13.5 per cent increase compared to the previous trading day’s Rs 10.32 billion.

The NEPSE index rose by 4.98 points to close at 2,753 points. Prices of 145 companies increased, 92 saw a decline, and six remained unchanged. Investors showed significant interest in the hotel and tourism sector, which recorded the highest growth of 2.21 per cent.

Other sectors also posted gains: development banks rose by 0.62 per cent, hydropower by 0.85 per cent, life insurance by 0.21 per cent, investment by 0.17 per cent, microfinance by 1.28 per cent, others by 0.11 per cent, and trading by 0.24 per cent. Conversely, the manufacturing sector fell by 1.13 per cent, while non-life insurance, finance, and banking sectors dropped by 0.69 per cent, 1.63 per cent, and 0.21 per cent, respectively.

Several companies saw significant price increases, including Unnati Sahakarya Laghubitta, Swabhiman Laghubitta, and Upper Hewakhola, all rising by 10 per cent. Mandu Hydropower gained 9.71 per cent, Barahi Hydropower 9.29 per cent, Janutthan Laghubitta 8.96 per cent, Bhagwati Hydropower 8.43 per cent, and Ngadi Group Power 8.35 per cent. Narayani Development Bank and Janaki Finance also rose by 7.8 per cent.

On the other hand, Samriddhi Finance and Gurans Laghubitta experienced a 10 per cent drop, while Makalu Jitumaya Suri fell by 8 per cent, and Best Finance by 5 per cent.

In terms of transaction volume, Ngadi Group, Samriddhi Finance, Janaki Finance, Singati Hydro, and Nepal Finance led the market.

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