Stock Market Shows Recovery After Four Days of Decline
News Summary
- On Tuesday, the NEPSE index rose by 8.78 points, reaching 2712 points in the stock market.
- Trading volume decreased to NPR 343 crore, with the share prices of 162 companies increasing.
- Upper Lohore Khola Hydropower recorded the highest price increase of 11.16%.
April 5, Kathmandu – After four consecutive days of decline, the stock market showed a modest recovery on Tuesday.
Today, the NEPSE index rose by 8.78 points compared to the previous day, closing at 2712 points. The market had dropped by 34 points the day before. During trading, the NEPSE briefly reached a peak of 2725 points at 12:40 PM but could not sustain that level, making 2725 the highest point of the day.
Trading volume declined as well. While the previous day saw NPR 426 crore traded, today’s transactions were limited to NPR 343 crore. Share prices of 162 companies advanced, 90 companies’ prices fell, and 16 remained unchanged.
The hydropower sector was the best performing group, gaining 1.02%. Banking increased by 0.43%, investment by 0.18%, life insurance by 0.10%, manufacturing and processing by 0.63%, and other sectors by 0.08%. Meanwhile, development banks declined by 0.04%, finance by 0.12%, hotel and tourism by 0.06%, microfinance by 0.21%, non-life insurance by 0.12%, and trade by 0.29%.
Upper Lohore Khola Hydropower led the market with the highest price increase of 11.16%. Other notable gainers include Solu Hydropower at 7.56%, Dhaulagiri Microfinance at 7.04%, and Jhapa Energy at 4.80%. On the downside, Forward Microfinance’s share price declined the most, losing 9.31%, followed by Super Khudi Hydropower at 3.13% and Rawa Energy at 3%.
The top five active companies in trading today were Solu Hydropower, Reliance Spinning Mills, National Hydropower, Aankhukhola Hydroelectric Company, and Palpa Cement.