Banking Stocks Lift NEPSE by 8.78 Points; Daily Turnover Crosses Rs. 4.11 Billion
NEPSE extended its gains on Thursday, rising 8.78 points as banking stocks led the rally, while daily turnover increased to over Rs. 4.11 billion.
The Nepal Stock Exchange (NEPSE) closed higher on Thursday, continuing its upward momentum from the previous trading session.
The benchmark NEPSE Index gained 8.78 points to close at 2,661.71, while the Sensitive Index increased by 3.89 points. Likewise, the Float Index rose by 0.99 points, and the Sensitive Float Index added 1.39 points.
The market was primarily supported by the banking sector, which emerged as the best-performing subgroup with a 2.04% gain. Out of the 13 trading subgroups, five recorded gains while eight ended lower. Finance, life insurance, microfinance, and mutual fund subgroups also posted modest gains.
Market turnover also improved significantly. Investors traded 8.96 million shares of 359 listed securities through 43,131 transactions, generating a total turnover of Rs. 4.11 billion, compared to Rs. 3.86 billion in the previous session.
Four stocks—Upper Lohore Khola Hydropower, Kalanga Hydro, Snow Rivers, and Sanigad Hydro—hit the positive circuit limit. Meanwhile, Dhaulagiri Laghubitta Financial Institution gained more than 13%, while Aatmanirbhar Laghubitta Financial Institution rose by 10%.
On the losing side, 10% NIC Asia Debenture 2085/86 recorded the biggest decline, falling 10.60%.
In terms of trading value, Laxmi Sunrise Bank topped the market with transactions worth Rs. 413.2 million. It was followed by the 10% NIC Asia Debenture 2085/86, which recorded over Rs. 400 million in trades, while Reliance Spinning Mills generated trading worth more than Rs. 250 million.