Development Banks, Microfinance Sectors Excited as NEPSE Hits 2,152

Kathmandu, July 9

On Tuesday, the stock market saw increased interest in development banks and microfinance institutions. The overall NEPSE index rose 15.79 points, or 0.73 percent, to close at 2,152 points.

The rise was driven by significant gains in the Development Bank and Microfinance indices, which rose 2.4 per cent and 3.0 per cent respectively. Trading volumes also rose sharply, with total turnover reaching Rs 5.53 billion, up from Rs 4.56 billion the previous day. Prices of 168 stocks rose, while 68 declined and 10 remained unchanged.

In terms of sectors, noticeable increases were recorded in Banking (up 6 points), Development Banks (109 points), Hydropower (13 points), Life Insurance (27 points), Microfinance (142 points), Non-Life Insurance (48 points) and Others (10 points). In turn, Finance (down 3 points), Hotels and Tourism (15 points), Manufacturing (35 points) and Trade (9 points) recorded declines.

Shares of Ganapati Microfinance and Aatmanirbhar Microfinance rose 10 per cent each. Other major gainers included Buddha Bhumi Hydropower (up 9.9 per cent), Unique Nepal Microfinance (9.7 per cent), Sabai Ko Microfinance (9.1 per cent), Mahila Microfinance (8.8 per cent), Support Microfinance (8.7 per cent) and Jaalpa Microfinance (8.2 per cent).

Meanwhile, Nepal Finance’s share price fell 4 per cent, while Bottlers Nepal Balaju and Janaki Finance lost 3.9 per cent and 3.2 per cent, respectively.

In terms of trading volume, the market leaders were NRN Infrastructure, Nepal Finance, Janaki Finance, Ngadi Group and Global IME Microfinance.