NEPSE Extends Gains for Second Session as Snow Rivers Hits Negative Circuit
The Nepal Stock Exchange (NEPSE) edged up 4.12 points (0.15%) to close at 2,599.93, marking a second consecutive session of gains. Snow Rivers Limited (SNORL) hit the negative circuit, plunging 15.00%, while Ghalemdi Hydro Limited (GHL) led turnover at Rs. 36.47 crores.
The Nepal Stock Exchange (NEPSE) posted a modest gain of 4.12 points (0.15%) to close at 2,599.93, extending its winning streak to a second straight session. The benchmark index had risen 4.00 points in the previous trading day.
The index opened at 2,597.94 and traded between an intraday high of 2,603.72 and a low of 2,584.03 before settling at the close. Total turnover for the day stood at Rs. 4.73 Arba, with 13,553,097 shares traded across 351 companies through 46,659 transactions. Total market capitalization was Rs. 44.72 Kharba, while float market capitalization stood at Rs. 15.22 Kharba.
Ghalemdi Hydro Limited (GHL) topped the turnover chart with transactions worth Rs. 36.47 crores, closing at Rs. 301.00.
Sagarmatha Jalabidhyut Company Limited (SMJC) led the gainers, rising 12.44% to close at Rs. 443.00.
On the losing side, Snow Rivers Limited (SNORL) hit the negative circuit, tumbling 15.00%. Its last traded price was Rs. 849.40.
Among sectors, Life Insurance recorded the highest gain at 1.77%, while the Hotels and Tourism Index lagged, down 0.58%.