Kathmandu [Nepal], October 29 – Nepal’s stock market rose by 31.45 points on Thursday with the Nepal Stock Exchange (NEPSE) index climbing 1.18 percent to close at 2,695.60 points.
Shares worth more than Rs 8.57 billion were traded during the session with hydropower companies accounting for the largest share of turnover.
The hydropower sector recorded transactions worth more than Rs 4.53 billion. Commercial banks followed with turnover exceeding Rs 1.10 billion while manufacturing and processing companies recorded Rs 593.5 million and investment companies Rs 257.7 million in transactions.
Liberty Energy Company led individual stocks by turnover, with shares worth more than Rs 325 million traded. Ghalemdi Hydro recorded transactions worth Rs 282.6 million followed by Butwal Power Company at Rs 264.3 million.
Api Power Company recorded turnover of Rs 191.7 million, Solu Hydropower Rs 190.5 million and Sanima Bank Rs 161 million.
Beni Hydropower Project posted the biggest gain of the day rising 15 percent to Rs 617.20 per share. Sopan Pharmaceuticals gained 8.72 percent while Nepal Reinsurance Company rose 5.61 per cent.
Nepal Finance gained 5.49 percent, NIC Asia Bank rose 4.69 percent and Siddhartha Bank increased 4.31 percent.
NRN Infrastructure and Development recorded the steepest decline among the listed stocks mentioned, falling 3.65 percent to Rs 1,397. Chir Khwa Hydropower dropped 3.14 percen while Laxmi Sunrise Bank’s promoter shares fell 2.99 percent.
