Market rises for sixth straight session, NEPSE closes at 2,625

The stock market extended its rally for a sixth consecutive trading session on Thursday, with the Nepal Stock Exchange (NEPSE) index gaining 4.56 points, or 0.17%, to close at 2,625.82.

Market turnover increased by 14.04%, from NRs 4.13 billion to NRs 4.71 billion on Thursday, indicating higher trading activity.

A total of 13.62 million shares of 349 securities were traded during the session. Share prices of 171 companies advanced, while 91 declined and 15 remained unchanged.

The finance sub-index recorded the largest gain, rising 1.03%. Development banks gained 0.35%, hotels and tourism 0.27%, hydropower 0.60%, investment 0.78%, life insurance 0.16%, microfinance 0.38% and non-life insurance 0.54%.

However, the banking sub-index fell 0.16%. The trading sub-index declined 0.55%, the others sub-index dropped 0.19%, and manufacturing and processing slipped 0.06%. Overall, nine of the 13 sectoral indices advanced, while four declined.

Beni Hydropower posted the session’s largest gain, surging 14.98% to NRs 313.90 per share. Himalayan Everest Insurance rose 6.35%, Manjushree Finance gained 4.44%, Ridi Power climbed 3.75%, Bindhyabasini Hydropower advanced 3.58%, and Green Ventures increased 3.45%.

Among declining securities, SBL Debenture 2089 fell 3% to NRs 1,455, while Laxmi Value Fund II dropped 2.84% to NRs 9.23 per unit.

Kumari Bank recorded the highest turnover, with shares worth NRs 236.1 million traded at NRs 238 per share. Despite leading turnover, its share price declined 1.49% from the previous session. Api Power ranked second, recording transactions worth NRs 227.8 million at NRs 343 per share.