Nepal’s stock market continued its upward trend for the sixth consecutive trading session on Thursday, Ashwin 29, 2083. The Nepal Stock Exchange (NEPSE) index rose by 4.56 points to close at 2,625. The market had gained 21.32 points in the previous session on Wednesday.

Despite the overall market increase, more companies recorded share price declines than gains. Shares of 71 companies advanced, while 91 companies declined and 15 remained unchanged.

Among the traded sectors, the Finance group recorded the highest gain, rising 1.03%. The Investment group increased by 0.78%, Hydropower by 0.60%, Non-Life Insurance by 0.54%, Microfinance by 0.38% and Development Bank by 0.35%. Hotels and Tourism gained 0.27%, while Life Insurance rose 0.16%.

In contrast, the Banking group declined by 0.16%. The Others group fell 0.19%, Trading dropped 0.55%, and Manufacturing and Processing decreased by 0.06%.

Market turnover increased to Rs. 4.70 billion, compared with Rs. 4.13 billion recorded on the previous trading day.

Among individual stocks, recently listed Beni Hydropower recorded a 15% rise, reaching Rs. 313.90 per share. Other notable gainers included Himalayan Everest Insurance, which increased by 6.35%; Manjushree Finance by 4.44%; Ridi Power by 3.75%; Bindhyabasini Hydropower by 3.58%; and Green Ventures by 3.45%.

On the losing side, Upper Mailung Khola Hydropower declined by 2.83%, while Kalanga Hydropower fell by 2.73%.

Kumari Bank, Api Power, Ghalemdi Hydropower, Peoples Hydropower, Green Ventures, Global IME Bank, Mountain Energy Nepal, Madhya Bhotekoshi Hydropower and Sanima Bank were among the companies leading in transaction value.

The latest session reflects continued gains in the benchmark index and higher turnover, although declining share prices outnumbered advancing stocks.