Nepal’s stock market turned positive on Wednesday, with the NEPSE index rising by 12.17 points to close at 2607.
For most of the day, the market was in the red, but after 2 PM, it started to recover and moved upward. Although the index increased, the total trading amount slightly dropped. Compared to Tuesday’s Rs 5.15 billion turnover, Wednesday’s turnover fell to Rs 4.68 billion.
Out of all traded companies, prices of 149 rose, 90 fell, and 12 remained unchanged. Most sector indices saw gains, with the finance sector leading the rise by 3.41%.
The banking sector gained 0.56%, development banks 0.08%, hydropower 0.39%, investment 0.66%, life insurance 0.40%, manufacturing and processing 0.63%, microfinance 0.22%, non-life insurance 0.21%, others 0.44%, and the trading sector rose by 0.42%.
Only the hotel and tourism sector saw a decline, slipping by 0.45%.
Among individual companies, Mabilung Energy and Unnati Sahakarya Laghubitta hit the positive circuit with a 10% rise. Nepal Finance gained 8.76%, Sampada Laghubitta rose 6.06%, and Mahuli Laghubitta increased by 5.15%.
On the other hand, First Microfinance faced the biggest loss, dropping 7.48%. Abhiyan Laghubitta fell 4.67%, while Bindhyabasini Hydropower declined 4.08%.
The top five most-traded companies of the day were Union Hydropower, Himalayan Distillery, Radhi Hydropower, NRN Infrastructure, and Shivam Cement.
