Business

NEPSE rises 0.45% post-holiday: Finance sector soars, daily turnover dips

By THT Online

Representative image. Courtesy: Freepik.com

KATHMANDU, APRIL 9

The Nepal Stock Exchange (NEPSE) witnessed a notable uptick, gaining 9.19 points or 0.45% to settle at 2,036.01 points as trading resumed after a public holiday on Monday.

With the benchmark index on the rise, the sensitive index, which measures the performance of class 'A' stocks, saw a corresponding increase of 0.21%. Similarly, the float index, reflecting the activity in actively traded shares, saw a rise of 0.48%.

Today's market displayed predominantly positive trends, barring a few exceptions in sectors such as Hotels and Tourism (-0.68%), Manufacturing and Processing (-1.46%), and Microfinance (-1.14%). Conversely, most other sectors saw gains, with the finance sector leading the charge with a substantial 2.79% increase, closely followed by other sectors at 2.42%.

Amidst this buoyant market sentiment, 150 companies saw their stock prices rise, while 86 experienced declines, leaving nine unchanged. Notably, Janaki Finance Company Limited (JFL) recorded an impressive 10% increase in its share value, while Wean Nepal Laghubitta Bittiya Sanstha Limited (WNLB) suffered a corresponding 10% loss.

Despite the positive market sentiment, the daily turnover witnessed a slight decline, amounting to Rs 4.1 billion from the exchange of 9,789,416 units of shares across 315 companies in 72,261 transactions. This figure was slightly lower than the Rs 4.2 billion turnover recorded on Sunday.

Overall, the total market capitalization remained robust at Rs 3.228 trillion.