
KATHMANDU: The Nepal Stock Exchange (NEPSE) index surged 33.29 points on Wednesday, closing at 2,664.06 points as the market rebounded strongly after remaining almost unchanged in the previous session.
The Sensitive Index, which tracks actively traded large companies, gained 6.32 points, while the Float Index increased by 2.62 points. The Sensitive Float Index also rose 2.39 points.
Trading activity strengthened alongside the rise in the benchmark index. On Tuesday, shares worth around Rs 5.79 billion were traded. On Wednesday, a total of 348 stocks changed hands in 63,744 transactions, with 19.397 million shares worth Rs 7.458 billion traded.
Benihydro Energy continued its strong performance, reaching the positive circuit level for another session. Its share price increased by Rs 70 to close at Rs 536.70.
Butwal Power Company also recorded a gain of more than 10.5 percent. Super Khudi Hydropower and NRN Infrastructure and Development saw their share prices rise by more than 6 percent each.
On the other hand, stocks that declined recorded losses of less than 3 percent, indicating relatively limited selling pressure across the declining counters.
Liberty Energy Company topped the market in terms of turnover, with shares worth around Rs 325 million changing hands. Ghalemdi Hydro followed with turnover exceeding Rs 280 million, while Butwal Power Company recorded transactions worth approximately Rs 265 million.
Sector-wise, 12 of the 13 sub-indices closed higher, while only one sector declined.
The Hydropower sub-index posted the strongest gain, rising 2.06 percent. Banking, Development Bank, Finance, Hotels and Tourism, Investment and Life Insurance sub-indices also gained more than 1 percent.
The Trading sub-index was the only sectoral index to close lower, posting a marginal decline.
The broad-based gains, higher turnover and strong performance of hydropower stocks marked a significant improvement in market sentiment on Wednesday, with investors showing increased participation compared with the previous trading session.
Continue to comment