NEPSE extends gains for second day as turnover edges up, weekly trading remains subdued

The stock market ended Friday on a positive note, with the NEPSE index rising 27.49 points (1.01%) to close at 2,745.65. The gain marked the highest level in the week and reflected continued momentum from the previous session, when the index had also posted a modest increase.

Market activity also rose alongside the rise in the index, with total turnover increasing to NRs 3.28 billion from NRs 2.93 billion a day earlier, which had marked the market’s lowest daily turnover in six months. A total of 7.47 million shares from 335 listed companies were traded during the session.

235 companies saw their share prices increase, compared to just 26 decliners and 8 unchanged stocks. Except for the trading group, all sectoral indices ended in the green. The finance sector led gains with a 1.87% rise, while hydropower, hotels and tourism, and other major groups also posted solid increases.

Among individual stocks, Trishuli Hydropower hit the upper circuit with a 10% gain, emerging as the top gainer of the day. Hotel Forest Inn rose 7.90% and recorded the highest turnover at NRs 138.6 million, followed closely by Reliance Spinning Mills with NRs 136.4 million worth of shares traded.

On the losing side, Swabalamban Laghubitta declined 6.54%, making it the biggest loser of the session, while Forward Microfinance also slipped.

Overall, the market showed broad-based strength, with rising volumes and widespread gains across sectors signaling improved investor participation at the end of the trading week.

This week total turnover amounted to NRs 17.1 billion in five trading days in five trading sessions compared to NRs 21.16 billion in four trading sessions last week. Further, the market gained nearly seven points this week.