Kathmandu, September 2
The Nepal Stock Exchange (NEPSE) index rebounded on Monday, closing with a gain of 127 points after several days of significant declines. This rise brought the NEPSE index to 2,823 points.
Trading activity also saw a notable increase, with the turnover reaching Rs 13.10 billion, up from Rs 10.51 billion on the previous trading day. The NEPSE index initially dropped to 2,679 points within the first 23 minutes of trading, marking the lowest point of the day before rebounding.
All sector indices showed positive movement, with the finance sector leading the gains. Key sectoral increases include Banking up by 4.73 per cent, Development Banks by 4.99 per cent, Finance by 7.94 per cent, Hotels and Tourism by 4.92 per cent, Hydropower by 5.36 per cent, Investment by 5.45 per cent, Life Insurance by 4.69 per cent, Manufacturing by 3.33 per cent, Microfinance by 3.33 per cent, Non-Life Insurance by 4.81 per cent, Others by 4.14 per cent, and Trading by 2.85 per cent.
Out of 239 companies, 234 saw an increase in their share prices, while only five experienced declines. Nearly a dozen companies, including National Hydropower, Best Finance, Samriddhi Finance, Progressive Finance, NLG Insurance, Reliance Finance, Supermai Hydropower, Dolti Power, Multipurpose Finance, Kalinchok Darshan, and Modi Energy, saw their share prices rise by the daily limit of 10 per cent.
Butwal Power Company and Joshi Hydropower also posted significant gains, with their share prices increasing by 9.8 per cent and 9.7 per cent, respectively. However, Maikhola Hydropower recorded the largest decline, with a 3.59 per cent drop in its share price.
In terms of trading volume, Goodwill Finance, Api Power, Himalayan Reinsurance, Arun Valley Hydropower, and Nepal Finance led the market.
