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NEPSE rises for sixth consecutive day with higher turnover

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KATHMANDU: The Nepal Stock Exchange (NEPSE) index recorded its sixth consecutive day of gains on Thursday. The benchmark index rose by 4.56 points to close at 2625.82 points. The sensitive index, float index, and sensitive float index also saw gains of 1.01 points, 0.41 points, and 0.34 points, respectively.

Along with the rise in the index, the total turnover increased by Rs 580 million compared to Wednesday. A total of 13.62 million shares across 349 stocks were traded in 38,861 transactions, amounting to Rs 4.71 billion. On Wednesday, the total turnover stood at Rs 4.13 billion.

Kumari Bank led the market in terms of turnover, with shares worth Rs 236.13 million changing hands. Api Power Company followed with approximately Rs 230 million in transactions, while Ghalemdi Hydro recorded trades worth Rs 185 million.

Regarding individual stock performance, Beni Hydropower Project hit the positive circuit limit during the session. Additionally, the share price of Himalayan Everest Insurance and the unit price of Laxmi Unnati Kosh both rose by approximately 6.5 percent. Out of the 13 sub-indices, nine recorded gains, while the banking, manufacturing and processing, others, and trading sub-indices saw slight declines.