NEPSE rises by 33 points on the back of growth in hydropower and banking sectors

Kathmandu, June 11

The Nepal Stock Exchange (NEPSE) index continued its upward trend for the second consecutive day, driven by significant gains in the hydropower and banking sectors.

On Tuesday, the third trading day of the week, the NEPSE index rose 33.15 points or 1.59 percent to close at 2,115.24 points. This growth was boosted by the hydropower sub-index, favored by traders due to the limited supply of shares, and the banking sub-index, which showed significant gains.

Recent trends have shown high trading volume despite an increase in supply as investors continue to purchase available shares. This buying activity provided the basis for the market rally, enabling the NEPSE index to close above the 2,100-point mark.

The hydropower sub-index increased by 2.58%, the life insurance sub-index by 2.40%, the property and casualty insurance sub-index by 2.19%, the financial enterprises sub-index by 2.16%, the turnover sub-index by 2, 12 percent, and the banking sub-index by 1.73 percent. on Tuesday.

Monday’s trading saw transactions worth 5.49 billion rupees, which rose to over 5.55 billion rupees on Tuesday. The total trading volume of 74,877 transactions involving 12,665,329 listed securities amounted to Rs 5.55 billion. Among them, the market leader was the infrastructure and development company KSOW, which concluded transactions worth Rp 363.1 million.

On Tuesday, shares of 246 listed companies were listed on NEPSE. Of these, 203 companies saw an increase in share prices, 41 companies experienced a decrease, and 2 companies remained unchanged.