The NEPSE Index Rises by 2.27 Points
On Wednesday, the stock market in Kathmandu showed positive movement as the NEPSE index increased by 2.27 points, reaching a total of 2078 points. Despite this increase, the overall trading volume witnessed a decline compared to the previous day. Transactions amounted to Rs 4.05 billion on the previous day, whereas today’s transactions shrank to Rs 3.40 billion. Out of the listed companies, 135 saw an increase in their stock prices, 104 experienced a decline, and 8 remained unchanged.
The finance sector led the growth, with its index rising by an impressive 2.62 per cent or 58 points. Other sectors also saw gains, with banking increasing by 1.6 points, hydropower by 8.5 points, microfinance by 6.8 points, non-life insurance by 18.8 points, and various other sectors by 2.5 points. However, some sectors faced declines, with development banks dropping by 5.2 points, hotels and tourism by 19 points, life insurance by 13 points, manufacturing by 28 points, and the trading sector by 38 points.
Notable performers included Nepal Finance and Samaj Microfinance, whose values rose by approximately 10 per cent. Kutheli Bukhari Small Hydropower increased by 9.3 per cent, Mandakini Hydropower by 8.2 per cent, Samling Power by 8 per cent, Atmanirbhar Microfinance by 7.3 per cent, Sirjanshil Microfinance by 6.8 per cent, and Win Nepal Microfinance by 6.5 per cent. On the other hand, Manakamana Smart Microfinance experienced a significant drop in value by 9.8 per cent, while Divyashwari Hydropower fell by 2.3 per cent.
In terms of transaction volumes, Nepal Finance, Gorkhas Finance, Global IME Microfinance Financial Institution, CEDB Hydropower, and Himalayan Microfinance Financial Institution emerged as the top performers.