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NEPSE rises by 21 points as turnover exceeds Rs 4 billion

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KATHMANDU: The Nepal Stock Exchange (NEPSE) index saw a significant gain on Wednesday, closing at 2621.26 points after rising by 21.32 points.

The total market turnover for the day reached Rs 4.13 billion, with 11.6 million shares being traded. Market activity showed a strong presence of buyers, as 188 companies saw their share prices rise, while 80 companies recorded a decline. The share prices of 9 companies remained unchanged. Throughout the session, 354 scrips were traded across 39,183 transactions.

Siddhartha Bank’s debenture led the gainers, rising by 13.21 percent. In terms of transaction volume, Kumari Bank topped the list with a turnover of Rs 264.6 million, followed by Ghalemdi Hydro Power, which recorded a turnover of Rs 216 million.

On a sectoral basis, the indices for banking, development banks, and non-life insurance companies increased by more than one percent. While all sectoral indices closed in the green, the remaining groups experienced growth of less than one percent.