Kathmandu, October 28
The share market rose by 33.29 points on Wednesday, taking the Nepal Stock Exchange (NEPSE) index to 2,664 points. The index reached its highest level since August 15.
Share prices of 241 companies rose, while those of 35 companies fell. Prices of three companies remained unchanged.
Trading turnover also increased. Shares worth Rs 7.45 billion were traded on Wednesday, up from Rs 5.80 billion on Tuesday. The turnover was the highest in nearly six weeks, since September 16.
Hydropower stocks continued to attract investors, with the hydropower sub-index rising the most, by 2.06 per cent. All sectoral indices gained except trading.
The trading sub-index fell by 0.44 per cent. Banking rose by 1.36 per cent, development banks by 1.11 per cent, finance by 1.55 per cent, hotels and tourism by 1.34 per cent, investment by 1.52 per cent, life insurance by 1.59 per cent, manufacturing and processing by 0.66 per cent, microfinance by 0.87 per cent, non-life insurance by 0.44 per cent, and the other group by 0.85 per cent.
Recently listed Beni Hydropower recorded the highest gain, with its share price rising by 15 per cent. Butwal Power gained 10.60 per cent, Super Khudi Hydropower 6.26 per cent, NRN Infrastructure 6.22 per cent, Union Hydropower 5.86 per cent, Sanjen 5.81 per cent, Swastik Laghubitta 5.67 per cent and Hotel Forest Inn 5.41 per cent.
The share prices of Sirjanshil Laghubitta, Chirakhwa Hydropower and Upper Mailung Khola fell by 2.30 per cent, 2.12 per cent and 1.91 per cent, respectively.
Liberty Energy, Ghalemdi Hydropower, Butwal Power, Api Power, Solu Hydropower, Green Ventures, People’s Hydropower, Sanima Bank, Sanima Middle Tamor and Kumari Bank were the top companies by trading turnover, respectively.
