NEPSE: Market up by 10.37 points after a week of downward trend

Broker licence - NEPSE

Kathmandu, January 28

On Sunday, the first day of the week, Nepal’s stock market experienced a surge, finally rising in double digits. Compared to Thursday, the NEPSE index increased by 10.37 points ending at 2,094 points.

Despite a downturn until around 1 pm, the market then witnessed an upward trend after falling to 2,075 points.

A total of Rs 3.83 billion worth of transactions took place in the stock market today. Among the listed companies, 173 saw an increase in their stock prices, while 70 witnessed a decrease, and four remained stable.

Notably, the hydropower sector led the upward trend, experiencing growth of 1.33 per cent. The development bank sector also showed positive momentum with an increase of 1.22 per cent, and other groups collectively rose by 1.32 per cent. On the contrary, the hotel and tourism sector experienced a significant decline, decreasing by 1.86 per cent.

In terms of numbers, the banking sector saw a decrease of 1 point, the hotel and tourism sector decreased by 104 points, and the manufacturing group dropped by 28 points.

Several hydropower stocks witnessed notable price increases, with Mid-Solu Hydropower, Upper Mailung Khola, and Samling Power all rising by 10 per cent. Hathaway Investment showed a significant increase of 8.7 per cent, followed by Mountain Hydro Nepal at 7.9 per cent, Asian Hydropower at 6.8 per cent, and United Modi Hydro at 6.4 per cent.

Conversely, the price of Chandragiri Hills experienced the most substantial decrease, falling by 9.8 per cent. Infinity Microfinance saw a decline of 6.4 per cent, Manakamana Smart Microfinance decreased by 5.1 per cent, and Unnati Sahakarya Microfinance witnessed a 3.3 per cent drop.

In terms of turnover, Himalayan Reinsurance, Ngadi Group Power, Reliable Nepal Life Insurance, Arunvalley Hydro Developer, and Hathaway Investment Company were among the leaders.

The post NEPSE: Market up by 10.37 points after a week of downward trend appeared first on OnlineKhabar English News.

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