Kathmandu, October 14
The Nepal Stock Exchange (NEPSE) index rose by 21.32 points on Wednesday to close at 2,621 points. The index had gained 4.12 points in the previous trading session.
The banking sector made the largest contribution to Wednesday’s market gains. The banking sub-index, which accounts for the largest share of the market, rose by 1.45 per cent. The sector represents 25.44 per cent of the total market capitalisation. Its strong performance helped lift the overall NEPSE index.
The banking sub-index reached 1,565 points, its highest level since March 24.
All sectoral indices recorded gains on Wednesday. The development bank index rose by 1.19 per cent, finance by 0.04 per cent, hydropower by 0.29 per cent, hotels and tourism by 0.04 per cent, investment by 0.52 per cent, life insurance by 0.73 per cent, manufacturing and processing by 0.46 per cent, microfinance by 0.79 per cent, non-life insurance by 1.20 per cent, others by 0.63 per cent, and trading by 0.80 per cent.
Trading turnover declined slightly. Transactions worth Rs 4.13 billion were recorded on Wednesday, down from Rs 4.73 billion in the previous session.
Share prices of 188 companies increased, while those of 80 companies declined. Prices of nine companies remained unchanged.
Upakar Laghubitta Bittiya Sanstha recorded the highest gain among the listed companies, with its share price rising by 4.95 per cent. Green Ventures gained 4.20 per cent, Nepal Warehousing 3.86 per cent, Oriental Hotels 3.74 per cent, IGI Prudential Insurance 3.57 per cent, Sun Nepal Life Insurance 3.17 per cent, Taksar Pikhuwakhola Hydropower 3.17 per cent and NIC Asia Bank 3.08 per cent.
Sagarmatha Jalbidhyut Company recorded the largest decline, with its share price falling by 6.32 per cent. Everest Colour declined by 4.95 per cent, Swabhimaan Laghubitta by 3.75 per cent, Upper Lohore Khola Hydropower by 3.64 per cent and City Hotel by 3.33 per cent.
Kumari Bank, Ghalemdi Hydropower, Laxmi Sunrise Bank, Sanima Bank, City Hotel and Mountain Energy Nepal were among the companies with the highest trading turnover.
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