KATHMANDU: The Nepal Stock Exchange (NEPSE) index recorded a marginal gain on Wednesday, closing at 2665.53 points, up by 1.40 points. Despite the slight rise in the index, trading volume remained robust throughout the day. A total of 21.2 million shares from 358 companies were traded across 59,000 transactions, amounting to a total turnover of Rs 7.43 billion.
Market breadth remained negative as more companies saw their share prices decline compared to those that gained. While 98 companies recorded an increase in share price, 171 companies saw a decline, and 9 remained stable. Nepal Reinsurance Company led the market gains, with its share price rising by 15 percent to reach Rs 921.70 per unit. This surge followed the cabinet meeting held on Tuesday, which granted approval for rights share investment in the company.
Additionally, Himalayan Reinsurance saw its share price increase by 11.48 percent. Sector-wise, the ‘others’ group recorded the highest growth at 6.81 percent, while the trading group rose by 1.11 percent. In terms of turnover, Swetganga Hydropower topped the list with Rs 858.4 million worth of shares traded. Ghorahi Cement followed with Rs 512.4 million, and Himalayan Reinsurance recorded a turnover of Rs 360.3 million.
