KATHMANDU, Aug 14: On Thursday, the last trading day of the week, the Nepal Stock Exchange (NEPSE) index rose by 2.62 points to close at 2,788 points. This slight rise came after three consecutive trading days of decline. During trading, the market crossed the 2,800-point mark twice, but fell slightly after 1:40 pm.
Alongside the index increase, total transaction amounts also grew. Compared to Wednesday’s Rs 6.16 billion turnover, Thursday saw Rs 7.46 billion worth of shares traded. Prices of 108 companies rose, while 141 companies saw declines. The “Others” group increased by more than 1 percent, while changes in all other groups remained below 1 percent.
Trade deficit widens to Rs 746 billion
The banking sector dropped by 0.55 percent, finance by 0.53 percent, hotels and tourism by 0.10 percent, hydropower by 0.20 percent, life insurance by 0.05 percent, microfinance by 0.12 percent, and non-life insurance by 0.22 percent. Meanwhile, development banks rose by 0.16 percent, investment by 0.17 percent, manufacturing and processing by 0.57 percent, others by 1.80 percent, and trading by 0.97 percent.
Nepal Republic Media’s share price surged by 10 percent. Panchakanya Mai Hydropower rose by 5.56 percent, Radhi Vidyut by 4.43 percent, and Upper Syange Hydropower by 4.22 percent. Nepal Bank saw the steepest decline at 5.91 percent, followed by City Hotel at 3.16 percent and Nepal SBI Bank at 2.80 percent.