NEPSE gains 7.90 points as turnover rises to NRs 6.26 billion

The Nepal Stock Exchange (NEPSE) continued its positive momentum after rising 14.17 points a day earlier. The index touched an intraday high of 2,747 points before losing some gains toward the close.

Trading activity strengthened significantly compared to the previous session. On Thursday, shares worth NRs 4.69 billion were traded, while Friday’s turnover increased to NRs 6.26 billion. A total of 137,691,100 shares of 353 securities changed hands during the session.

Of the 13 sectoral indices, seven groups ended higher while six declined. The banking sector was the biggest contributor to Friday’s gain, rising 1.17%. Development banks advanced 0.96%, hotels and tourism gained 0.42%, life insurance increased 0.13%, microfinance rose 0.36%, and non-life insurance edged up 0.02%.

Meanwhile, trading, others, manufacturing and processing, hydropower, and finance sub-indices closed lower.

Share prices of 152 companies increased, while 109 companies declined and 15 remained unchanged.

Everest Color posted the biggest gain of the day, rising 14.99% to reach NRs 651.10 per share, triggering a positive circuit. Aatmanirbhar Laghubitta also advanced 14.46%, closing at NRs 6,659 per share.

On the losing side, 10% Sanima Bank Debenture recorded the largest decline, falling 8.92% to NRs 1,100.50 per debenture. Corporate Development Bank dropped 7.38% to NRs 1,333.80 per share.

Ridi Power was the most traded company by value, with shares worth NRs 309.3 million changing hands. NRN Infrastructure followed with turnover of NRs 273.4 million, while Kumari Bank recorded transactions worth NRs 288.1 million.

The market’s gain was largely supported by strong performance from banking stocks, although the overall index growth remained modest at 0.28%.