Nepal Stock Market Closes Higher Ahead of Government Formation; NEPSE Rises Double Digits

Kathmandu. A positive sentiment was observed in the Nepali stock market on Thursday, the last trading day of the week. Today, the NEPSE index increased by double digits, and there was a significantly encouraging rise in the transaction volume.

On Thursday, the NEPSE index rose by 14.21 points to reach 2950.16. Although fluctuations were seen since the market opened, it closed higher in the end.

On Friday, a government is set to be formed under the leadership of Balen Shah, a senior leader of the Rastriya Swatantra Party (RSP). The stock market will remain closed on that day, making today the last trading session before the government formation. The market will reopen on Sunday. 

Today, a total of 3 crore 4 lakh shares of 343 companies were bought and sold 142,734 times, resulting in a total transaction value of 13 billion 16 crore rupees.

Among the companies traded today, the price of 178 companies increased, while the price of 80 companies declined. Furthermore, the share price of 8 companies remained stable.

Today, the indices for Development Bank, Life Insurance, and Trading declined. While the Mutual Fund index remained stable, the indices for all other groups increased. 

Today, the share price of five companies hit a positive circuit. The price of Reliance Spinning Mills, Super Khudi Hydropower, and Hotel Forest Inn increased by 10 percent, while the price of Solu Hydropower and Bhujung Hydropower increased by 9.99 percent. The price of Panchakanya Mai Hydropower decreased the most by 7.48 percent.  

In terms of transaction volume, NRN Infrastructure remained at the top today. Its shares worth 94 crore 29 lakh rupees were traded. Similarly, SY Panel saw transactions worth 71 crore 92 lakh rupees, and National Hydropower saw transactions worth 46 crore 32 lakh rupees.