Investor confidence strengthened ahead of the House of Representatives election, pushing the benchmark index of the Nepal Stock Exchange (NEPSE) up by 38.52 points on Tuesday to close at 2,712. The market will now reopen on Monday after the holiday break.
Since Falgun 10, the NEPSE index has gained 98 points. On that day, the market stood at 2,614 points. Trading volume also increased, reaching Rs 6.23 billion compared to Rs 5.64 billion on the previous trading day.
While all sector indices posted gains, the trading sector declined by 0.84 percent. The sector-wise performance was as follows:
Banking: up 1.64 percent
Development Bank: up 1.59 percent
Finance: up 1.43 percent
Hotels and Tourism: up 1.60 percent
Hydropower: up 2.13 percent
Investment: up 1.52 percent
Life Insurance: up 1.05 percent
Manufacturing and Processing: up 1.49 percent
Microfinance: up 1.66 percent
Non-Life Insurance: up 1.11 percent
Others: up 1.03 percent
Among individual stocks, Salapa Development Bank surged by 10 percent. Panchakanya Mai Hydropower rose by 9.89 percent, Reliance Spinning Mills by 9.82 percent, Molung Hydropower by 6.18 percent, and Laxmi Laghubitta by 6.09 percent.
Meanwhile, Shubham Power declined by 2.53 percent.
Companies recording the highest trading volumes included Aankhu Khola Hydropower, Ridi Power, SY Panel, Manjushree Finance, and Ngadi Group.
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