Nepse gains 33.39 points; turnover rises to Rs 7.46 billion

KATHMANDU: The Nepal Stock Exchange (Nepse) gained 33.29 points and closed trading at 2,664.06 points on Wednesday.

The benchmark index moved into the green right after trading resumed on Wednesday morning and continued its momentum throughout the session to close 1.26% higher.

This marked the highest intraday gain since September 15, when the benchmark index logged gains of 48.57 points.

Market sentiment remained positive throughout the trading session, with 241 companies advancing. Similarly, 35 scrips declined and three remained unchanged. Total turnover reached Rs 7.46 billion, the highest since September 15, when shares worth Rs 8.21 billion were traded on the bourse.

A total of 19.39 million units changed hands across 63,744 transactions on Wednesday.

Among individual stocks, Beni Hydropower Company Ltd hit the 15% positive circuit. Butwal Power Company Ltd and Super Khudi Hydropower Ltd followed, with gains of 10.6% and 6.26%, respectively. On the other hand, 10% Prime Debenture 2088 logged the largest loss of 2.96%. Next were Garima Samriddhi Yojana and Shrijansil Laghubitta Bittiya Sanstha Ltd with losses of 2.75% and 2.3%, respectively.

Similarly, Liberty Energy Company topped the turnover chart with total transactions of Rs 325.07 million. Ghalemdi Hydropower Ltd and Butwal Power Company Ltd were next with turnovers of Rs 282.64 million and Rs 264.34 million, respectively.

Except for the Trading sub-index, which posted a nominal 0.44% loss, the sub-indices of all remaining 12 trading groups posted gains during the session. The Hydropower sub-index posted the biggest gain of 2.06%. Life Insurance sub-index went up by 1.59%, while the Finance and Investment sub-indices closed 1.55% higher each.