Market ends pre-dashain trading on a positive momentum

The Nepal Stock Exchange (NEPSE) rose by 8.24 points (0.31%) on the last day of the week and just ahead of Dashain holidays beginning next week. On Friday, the market closed at 2,634.17 points, sustaining its upward momentum since Thursday last week. 

NEPSE rose by 4.67 points compared to previous session, while securing a cumulative gain of 61.81 points since last Thursday marking a consecutive seven days of gains.

Market turnover increased by 3.96%, amounting to NRs 4.83 billion, from the previous session. 

On Friday, a total of 348 scrips and 13,376,489 shares were traded. 

Among the sectoral indices, microfinance climbed by 23.97 points, followed by development bank (23.45 points), Hotel (20.91 points), Hydropower (18.55 points), banking (11.40 points). Meanwhile, non life insurance declined by 13.95 points, followed by finance (5.54 points) and investment (0.08 points). 

Chirkhwa Hydropower recorded the top gainer, rising by 14.82%, followed by Beni Hydropower (12.46%), Shuvam Power (8.58%), and Everest Color (7.74%).

On the losing side, the price of SBL Debenture, Himalayan Everest, Nepal Re-Insurance, and Manjushree Finance  fell by 5.84%, 4.98%, 3.16%, and 3% respectively. 

With NRs 204.93 million, Ghalemdi Hydro recorded the largest turnover, followed by Nepal Investment Mega Bank amounting to NRs 182.90 million, Green Ventures with NRs 175.86 million and Kumari Bank at NRs 173.54 million. 

The NEPSE benchmark index witnessed positive momentum, gaining 42.37 points (1.63%) to close at 2,634.17, compared to last week’s closing to 2,591.80.

Similarly, weekly turnover increased by NRs 4.08 billion (22.1%) compared to the preceding week, reflecting improved trading activity ahead of the upcoming festival holidays.