Share market, NEPSE Index in Nepal continued to rise on Wednesday. NEPSE increased by 9.61 points compared to the previous day.
This is the fourth day in a row that the market has gone up. In the last four days, the NEPSE index has gained a total of 105 points. NEPSE, which was at 2560 points last Thursday, has now reached 2665 points. The trading amount also increased. On the previous day, the market had a turnover of 5.82 billion rupees, and today it reached 6.69 billion rupees.
Experts say recent policy changes related to the market have made things easier, which has helped improve investor confidence.
A total of 142 companies saw their share prices rise, 104 companies saw a fall, and 11 companies remained unchanged. The banking sector rose by 0.66%, development banks by 0.12%, hotels and tourism by 0.99%, hydropower by 0.28%, manufacturing and processing by 0.74%, microfinance by 0.71%, others by 0.45%, and trading by 0.68%.
However, the finance sector fell by 0.16%, investment by 0.17%, life insurance by 0.32%, and non-life insurance by 0.33%. Four companies gained 10%: Sagar Distillery, Jhapa Energy, Swastik Laghubitta, and Shrinagar Agritech. River Falls Power rose by 9.61%, Mahuli Laghubitta by 9.18%, and First Microfinance by 8.95%.
Bottlers Nepal Balaju saw the biggest drop of 3.94%. Unnati Sahakarya Laghubitta fell by 3.81%, Shubham Power by 3.65%, and Bandipur Cable Car by 3.65%.
The five most active companies in trading were NRN Infrastructure, Shivam Cement, Himalayan Distillery, Bandipur Cable Car, and Himalayan Reinsurance.
