Kathmandu, July 23
Nepal’s stock market continued its upward trend on Wednesday, with the NEPSE index rising by 5.17 points to close at 2,978. The market remained volatile throughout the day, dipping to 2,951 points around 2:10 PM before rebounding strongly on the back of increased buying pressure.
Despite the index gain, overall turnover slightly declined compared to the previous session. Total trading value reached Rs 19.57 billion today, down from Rs 20.08 billion on Tuesday.
Out of the traded companies, 98 saw gains while 152 declined. The Finance subgroup led the day’s rally with a 3.23% increase, followed by Others 1.44%, Investment 0.90%, Hydropower 0.88%, Manufacturing and Processing 0.40%, and Trading 0.31%.
Meanwhile, the Hotel and Tourism sector saw the biggest drop, falling 1.10%. Other declining sectors included Development Banks by 0.92%, Microfinance 0.72%, Non-life Insurance 0.61%, Life Insurance 0.50%, and Banking 0.25%.
Two newly listed companies—Trade Tower and Sanvi Energy—hit the upper circuit with a 10% price surge, reaching Rs 589.30 and Rs 525.40 respectively.
Among notable gainers were Green Ventures by 9.40%, Liberty Energy 7.08%, and Best Finance 5.97%. On the losing end, Bhojyal Energy by 5.32%, Green Development Bank 4.26%, Aabiyan Laghubitta 4.13%, and RSDC Microfinance 4.10% posted significant declines.
The five most actively traded stocks were Himalayan Reinsurance, Shivam Cement, Nepal Infrastructure Bank (NIFRA), Butwal Power Company, and Nepal Reinsurance.
