Nepal Stock Exchange Index Rises by Double Digits; Banking and Hydropower Sectors Lead Gains

The Nepal Stock Exchange (NEPSE) index has shown a double-digit improvement. On Tuesday, the NEPSE index increased by 13.51 points, settling at 2,812.34 points.

NEPSE stated that today, shares of 340 companies, totaling 34.852760 million units, were traded 106,140 times, resulting in a transaction volume of NPR 12.034406328 billion.

Today's trading saw gains in the Banking sector by 0.84%, Development Bank by 0.64%, Hydropower by 1.59%, Investment by 0.61%, Manufacturing and Processing by 0.29%, and Mutual Fund by 0.36%, while the sub-indices of all other groups declined.

Finance declined by 0.19%, Hotels and Tourism by 0.17%, Life Insurance by 0.31%, Microfinance by 0.26%, Non-Life Insurance by 0.03%, Trade by 0.21%, and Others by 0.10 percent.

The share prices of Reliance Spinning Mills Limited and Solu Hydropower Limited hit a positive circuit today. Among the biggest losers, the share price of NIC Asia Growth Fund-2 fell by 4.74 percent.

Based on transaction value, Ridi Power Company Limited saw the highest trading volume today, with shares worth NPR 563.761725 million being bought and sold. Based on the number of shares traded, Shivashree Hydropower Limited had the highest volume, with 1.923074 million units traded.