Kathmandu, October 15
Nepal’s stock market rose for the sixth consecutive trading day on Thursday, gaining 4.56 points. The market had risen by 21.32 points the previous day. Following Thursday’s gain, the Nepal Stock Exchange (NEPSE) index stood at 2,625 points.
The banking sector declined by 0.16 per cent, marking a rare drop after a prolonged period. The finance sector recorded the highest gain, rising by 1.03 per cent.
Similarly, development banks rose by 0.35 per cent, hotels and tourism by 0.27 per cent, hydropower by 0.60 per cent, investment by 0.78 per cent, life insurance by 0.16 per cent, microfinance by 0.38 per cent and non-life insurance by 0.54 per cent.
Among the declining sectors, the ‘others’ group fell by 0.19 per cent, trading by 0.55 per cent, and manufacturing and processing by 0.06 per cent.
Trading volume increased slightly, reaching Rs 4.70 billion on Thursday, compared with Rs 4.13 billion the previous day.
Share prices of 71 companies rose, while 91 declined and 15 remained unchanged. Recently listed Beni Hydropower gained 15 per cent, taking its share price to Rs 313.90.
Himalayan Everest Insurance rose by 6.35 per cent, Manjushree Finance by 4.44 per cent, Ridi Power by 3.75 per cent, Bindhyabasini Hydropower by 3.58 per cent and Green Ventures by 3.45 per cent.
Upper Mailung Khola Hydropower fell by 2.83 per cent, while Kalanga Hydropower declined by 2.73 per cent.
Kumari Bank, Api Power, Ghalemdi Hydropower, People’s Hydropower, Green Ventures, Global IME Bank, Mountain Energy Nepal, Madhya Bhotekoshi Hydropower and Sanima Bank were the most actively traded companies, in that order.
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