Banking stocks lead as NEPSE gains 31.54 points

The Nepal Stock Exchange (NEPSE) rose for the third consecutive day by 31.54 points (1.18%), closing at 2,695.60 points. The index has gained a total of 64 points in two trading sessions.

Trading activity also increased with daily turnover rising by 14.64% to NRs 8.48 billion up from Thursday’s NRs 7.40 billion. This marks an increase of around NRs 1.08 billion in a single day.

A total of 350 scrips and 21,941,524 shares were traded. 

The banking sector led Thursday’s market rally with a gain of 2.29%. All sectoral indices closed in the green reflecting positive performance across the market with the hotel rising by 2.05% followed by finance (1.70%), development banks (1.55%) and hydropower (0.36%). 

Beni Hydropower once again emerged as the top gainer on Thursday with its share price rising by 15.00%. It was followed by Sopan Pharmaceuticals (8.72%), Nepal Reinsurance (5.61%), and Nepal Finance (5.49%). 

On the losing side, NRN Infrastructure and Development, which was among the top gainers in the previous trading session, recorded the highest decline on Thursday, falling by 3.65%. Liberty Energy dropped by 3.20% followed by Chirkhwa Hydropower (3.14%), and Laxmi Sunrise Bank Promoter Share (2.99%). 

In terms of trading value, Ghalemdi Hydro recorded the highest turnover closing at NRs 356.16 million followed by Siddhartha Bank at NRs 253.83 million, Laxmi Sunrise at NRs 242.78 million and Kumari Bank at NRs 235.95 million.