The Nepali share market saw a major boost on Asar 2, recording a total turnover of NPR 13.18 billion — the highest in nearly three and a half months. This marks a sharp rise from the previous day’s NPR 11.44 billion.
Despite the strong turnover, the NEPSE index only rose slightly by 2.80 points, closing at 2,658. Interestingly, the number of companies that gained (124) was exactly equal to those that lost (124), showing a balanced trend.
Hotel and tourism stocks stole the spotlight today with a massive 4.69% gain. Other sectors like banking (0.48%), development banks (0.29%), life insurance (0.12%), microfinance (0.59%), non-life insurance (0.25%), and trading (0.09%) also closed higher.
Hydropower, which had been gaining sharply, saw a 1% dip. Finance companies dropped the most at 1.22%, followed by others (0.33%) and investment companies (0.13%).
Pure Energy and Peoples Power both surged by 10%. Corporate Development Bank (8.37%), Soaltee Hotel (6.30%), Oriental Hotel (5.13%), and Bottlers Nepal Balaju (5.09%) also performed strongly.
On the downside, Upper Hewakhola Hydropower fell by 7.58%, Shri Investment Finance dropped 6.33%, Synergy Power declined 4.84%, and Unnati Sahakarya Microfinance dipped 4.35%.
Top traded companies today included Sanima Mai Hydropower, Ngadi Group, Butwal Power, Singati Hydro Energy, and Radhi Bidyut.
