Kathmandu, September 2
The stock market continued its upward trend on Tuesday, with the NEPSE index rising by 6.94 points, closing at 2,830 points. Despite expectations of a correction following a 127-point increase the previous day, the market maintained its momentum.
The trading volume also saw a slight increase, with transactions reaching Rs 13.57 billion, up from Rs 13.10 billion the day before. Out of the total traded companies, 106 saw their stock prices rise, 133 declined, and 5 remained unchanged.
The insurance sector was the highlight of the day, with the non-life insurance group seeing the highest gain of 4.78 per cent, followed by the life insurance group, which increased by 2.28 per cent. Other sectors also experienced growth, including development banks (1.32 per cent), hotels and tourism (0.65 per cent), and microfinance (0.36 per cent).
However, some sectors experienced a decline. The banking sector fell by 0.67 per cent, finance by 1.57 per cent, hydropower by 0.50 per cent, investment by 0.44 per cent, manufacturing by 0.14 per cent, others by 0.18 per cent, and trade by 0.41 per cent.
Twelve companies saw their stock prices surge by 10 per cent, including NLG Insurance, Sindhu Development Bank, Matribhumi Laghubitta, Green Development Bank, Win Nepal Laghubitta, Manushi Laghubitta, Bindhyabasini Hydropower, Eastern Hydropower, Saptakoshi Development Bank, Corporate Development Bank, Atmanirbhar Laghubitta, and Upakar Laghubitta.
Additionally, Nepal Insurance’s stock price increased by 7.7 per cent, Sampada Laghubitta by 6.8 per cent, Prabhu Insurance by 6.1 per cent, and Sanima Reliance Life by 6 per cent. Conversely, Himalayan Power Partner’s stock fell by 8.8 per cent, Dolti Power by 8.4 per cent, Miteri Development Bank by 7.4 per cent, and Nepal Finance by 5.9 per cent.
In terms of trading volume, NLG Insurance, Goodwill Finance, Sanima Reliance Life Insurance, Api Power, and Himalayan Reinsurance were the top performers.
