Share Market Rises in Final Hours Despite Lower Trading Volume
News Summary
Reviewed and editorially assessed.
- On Monday, the NEPSE index rose by 5.01 points to reach 2936.
- Trading volume declined, limited to NPR 1.578 billion.
- Six companies including Reliance Spinning Mills and Salpa Development Bank saw their share prices surge by 10%.
March 23, Kathmandu – The share market fluctuated throughout Monday but closed on an uptrend. The NEPSE index increased by 5.01 points compared to the previous day, closing at 2936 points. After dipping to 2911 points at 2:34 pm, the market recovered in the final hours.
However, the trading volume declined. While the previous day’s volume was NPR 2.359 billion, Monday’s trading was limited to NPR 1.578 billion. Share prices increased for 102 companies, decreased for 154, and remained unchanged for 8 companies.
The production and processing sector led the gains, rising by 1.53%. Other sectors, such as finance (+0.20%), hydropower (+0.96%), investment (+0.72%), and microfinance (+0.43%) also saw growth. Conversely, banking (-0.27%), development banks (-0.50%), hotel and tourism (-0.86%), life insurance (-0.48%), non-life insurance (-0.04%), and trade (-0.59%) sectors experienced declines.
Six companies recorded a 10% increase in share price. These include Reliance Spinning Mills, Salpa Development Bank, Solu Hydropower, Bhujung Hydropower, Manakamana Engineering Hydropower, and Hotel Forest Inn. Additionally, First Microfinance’s shares increased by 8.96%, Asha Laghubitta by 8.82%, and Mero Microfinance by 8.18%.
Sindhu Development Bank’s shares experienced the largest drop, falling 3.23%. The five most actively traded companies of the day were Kumari Bank, Shivam Cement, National Hydropower, NRN Infrastructure, and Ngadi Group.