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NEPSE: Stock market rises by 1 per cent

NEPSE

Kathmandu, July 7

On the first trading day of the week, Sunday, the NEPSE experienced a notable increase of 1 per cent, or 21.27 points, closing at 2,140.97 points. The total trading volume for the day reached Rs 6.29 billion, slightly down from Rs 6.48 billion recorded on Thursday.

A total of 150 companies saw their stock prices rise, while 82 experienced declines and 15 remained unchanged. The hotel and tourism sector emerged as the top performer, registering a significant gain of 2.96 per cent. In contrast, the previous trading session saw the development bank sector leading the way with a 3.43 per cent increase.

Sector-wise, the indices showed the following gains on Sunday: banking increased by 8.9 points, hotels and tourism by 160 points, investment by 1 point, life insurance by 156 points, manufacturing by 75 points, microfinance by 66 points, non-life insurance by 141 points, and others by 36 points. Meanwhile, the trade sector dropped by 69 points, finance by 53 points, and development banks by 10 points.

Notable price increases were observed in CEDB Hydropower, which rose by 5.25 per cent, Forward Microfinance by 5 per cent, and Nifra by 5 per cent. Other significant gainers included NRN Infrastructure, up by 4.8 per cent, Samaj Laghubitta, up by 4.7 per cent, and Janaki Finance, up by 4.6 per cent.

On the other hand, Mailung Khola Hydropower experienced the largest decline, falling by 10 per cent. Other decliners included Goodwill Finance, down by 6.6 per cent, ICFC Finance, down by 4.1 per cent, Upper Solu by 3.9 per cent, and Himalayan Energy Development by 3.5 per cent.

In terms of transaction volume, NRN Infrastructure, Himalayan Reinsurance, CEDB Hydropower, Goodwill Finance, and Sanima GIC Insurance were the top performers, leading the market in trading activity.

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