Kathmandu, October 30
The stock market stayed above the 2,700-point mark for most of Friday’s trading session.
The benchmark Nepse index touched 2,712 points at around 12:30 pm. At the close, however, it settled at 2,690 points, down 5.45 points from the previous day.
On the previous day, Nepse had risen 31 points to close at 2,695. Although the index fell, today’s turnover was the highest in seven months. Shares worth Rs 8.89 billion were traded, the highest since April 16, when turnover was Rs 9.31 billion. On the previous trading day, turnover was Rs 8.55 billion.
The prices of 102 companies rose, while 169 fell and eight remained unchanged. Development banks drew interest today, with their sub-index rising the most, by 1.61 percent. Non-life insurance rose 0.30 percent, the “others” group 0.15 percent and trading 0.25 percent.
Banking fell 0.44 percent, finance 0.47 percent, hotels and tourism 0.23 percent, hydropower 0.57 percent, investment 0.22 percent, life insurance 0.16 percent, manufacturing and processing 0.38 percent and microfinance 0.12 percent.
The recently listed Beni Hydropower gained the most, with its price rising by 15 percent. Swabhiman Laghubitta rose 12.11 percent, Lumbini Bikas Bank 7 percent, Green Development Bank 6.64 percent, Saptakoshi Development Bank 5.44 percent, Mero Microfinance 3.73 percent and Rasuwagadhi Hydropower 3.59 percent.
Menchhiyam Hydropower fell 4.08 percent, Super Khudi Hydropower 3.78 percent and Sopan Pharmaceuticals 3.52 percent.
The most traded companies today were Lumbini Bikas Bank, Shivam Cement, Ghalemdi Hydropower, Green Ventures, Solu Hydropower, Global IME Bank, Reliance Spinning Mills and Sonapur Minerals, in that order.
