Kathmandu, October 16
The Nepse index, a key indicator of Nepal’s stock market, increased by 43.22 points (1.60%) on Wednesday, reaching 2,742 points. During trading, the index hit a peak of 2,748 points by 1:30 PM.
The trading volume also saw a significant rise, with transactions totalling Rs 5.66 billion, compared to Rs 3.06 billion the previous day.
A total of 206 companies saw their share prices increase, while 35 experienced a decline, and 3 remained unchanged. All sectors posted gains for the day, with the trading group seeing the highest increase of 3.44%. The group rose largely due to a 3.84% price increase in Salt Trading shares. Only two companies, Salt Trading and Bishal Bazar, are listed in this group.
Similarly, the banking sector rose by 1.98%, development banks by 1.85%, finance by 0.86%, hotels and tourism by 1.49%, hydropower by 2.13%, investment by 0.69%, life insurance by 1.80%, manufacturing by 1.36%, microfinance by 1.48%, non-life insurance by 1.38%, and others by 0.57%.
Notable price increases included Bijay Laghubitta (9.33%), Eastern Hydropower (9.24%), Samata Gharelu Laghubitta (8.62%), Atmanirbhar Laghubitta (8.59%), and Sagarmatha Hydropower (7.45%).
On the downside, Upper Syange Hydropower saw a 10% drop, while Mid Solu Hydropower and Mithila Laghubitta fell by 5.54% and 4.55%, respectively.
In terms of trading volume, Nepal Finance, Himalayan Reinsurance, NIC Asia Bank, Goodwill Finance, and HIDCL Promoter Shares led the market.
