Market ends week on strong note, gains 16 points, turnover surges to NRs 4.4 billion

The stock market closed the week on a positive note, with the benchmark NEPSE Index rising by around 16 points to settle near 2,758. The gain marked a recovery from the previous day’s decline, supported by stronger buying momentum across most sectors.

Market turnover also improved significantly, crossing NRs 4.4 billion compared to the previous session’s lower volume. Investor participation widened, with over 200 listed companies posting gains, while fewer stocks declined and a small number remained unchanged.

Sector-wise performance was broadly positive, led by hydropower, which rose about 1.29%. Other sectors including banking, development banks, insurance, manufacturing, hotels, and microfinance also posted modest gains. The trading sector was the only major group to close in negative territory.

Among individual stocks, Crest Micro Life Insurance recorded the sharpest rise, surging nearly 15%. Strong upward moves were also seen in Mabilung Energy, Super Khudi Hydropower, and other energy-related stocks.

In terms of trading activity, Aankhu Khola Hydropower led the market with the highest turnover, followed by Ridi Power and National Hydro Power.

Despite gains in equities, some mutual funds and debenture-based schemes, including NIC Asia Balanced Fund and Global IME Samunnat Plan 2, ended the session among the top losers.

Overall, the market showed renewed strength with broad-based buying and improved liquidity across most sectors.

This week total turnover reached NRs 17.7 billion while the index gained 26 points compared to the closing index of the last week.