KATHMANDU, April 6: Nepal Stock Exchange (NEPSE) on Monday inclined 83.33 points to close the NEPSE index at 2,760, following a 105-point drop in the previous session.
The surge was led by the hydropower sector, which climbed 4.59 percent, while all other market indices also posted gains. The finance sector rose 4.03 percent, banking 3.18 percent, development banks 3.63 percent, hotels and tourism 3.24 percent, investment 3.33 percent, life insurance 2.66 percent, manufacturing and processing 1.53 percent, microfinance 2.43 percent, non-life insurance 2.94 percent, trade 2.40 percent, and others 2.36 percent.
Nepse up for a fifth consecutive week
Eight companies recorded a 10 percent increase in share prices, including Upakar Laghubitta, Ridi Power, National Hydropower, Bhujung Hydropower, Super Khudi Hydropower, Ridge Line Energy, Suryakunda Hydro Electric, and Hotel Forest Inn. Notably, Corporate Development Bank gained 9.88 percent, Shivashree Hydropower 9.55 percent, and Himal Dolakha Hydropower 9.18 percent.
Finance Minister Dr. Swarnim Wagle, who met with stock brokers and economic journalists, urged investors not to panic, assuring that the upcoming budget would be transformative and that the government is committed to increasing market transparency. His assurances reportedly helped boost investor confidence.
Today’s trading turnover was slightly lower than the previous day, at Rs 10.92 billion, compared to Rs 12.38 billion yesterday. While 264 companies saw price gains, only four recorded losses, and one remained unchanged.
