Stock Market Records Marginal Gain: NEPSE Rises 6.62 Points as Turnover Drops to NPR 5.65 Billion
The Nepal Stock Exchange (NEPSE) index rose by 6.62 points to close at 2,664.13. Despite the gain in the benchmark index, total market turnover contracted to NPR 5.65 billion. Investors in the Hotels and Tourism sector emerged as the top gainers of the day.
Kathmandu — The Nepal Stock Exchange (NEPSE) index recorded a modest gain on the trading day, rising by 6.62 points to close at 2,664.13.
Despite the slight upward momentum in the benchmark index, overall trading volume saw a decline, with total market turnover standing at NPR 5.65 billion.
Sectoral and Company Performance
Out of the trading sub-indices, 9 ended in positive territory while 4 registered losses:
- The Hotels and Tourism sub-index led the gains, rising by 1.07%.
- The Manufacturing and Processing sub-index dropped the most, declining by 0.6%.
Overall, share prices of 143 companies advanced, 122 companies declined, and 14 companies remained unchanged.
Top Turnover and Major Gainers/Losers
Global IME Bank recorded the highest turnover in terms of total transaction value during the session.
On the gainers' front, shareholders of Sikhar Power and River Falls Power saw gains of nearly 6%. Conversely, shareholders of Beni Hydropower suffered the largest drop, with its stock price falling by over 5%.