NEPSE: Index peaks at 2,107.58 early but fails to sustain momentum

Kathmandu, February 7

On Wednesday, the NEPSE rose by 4.9 points to reach 2,090.64 points. The NEPSE index briefly peaked at 2,107.58 points within the first seven minutes of trading but failed to maintain this level.

A total turnover of Rs 2.84 billion was recorded, marking an increase of Rs 25 million compared to Tuesday. Out of 247 companies, 168 saw an increase in value, 68 experienced a decrease, and 11 remained stable.

The Hotel and Tourism sector experienced the highest growth rate at 1.5 per cent, followed by Life Insurance which had a growth of 1.29 per cent. Conversely, Others saw a decrease of 1.53 per cent.

Specifically, Banking rose by 3 points, Development Bank increased by 12 points, Hotel and Tourism surged by 81 points, Hydropower rose by 24 points, and Life Insurance increased by 136 points. On the other hand, Manufacturing decreased by 10 points, Non-life Insurance dropped by 42 points, Others decreased by 28 points, and Trading decreased by 3 points.

The prices of five companies surged by 10 per cent each. Specifically, Gurans Microfinance, Samaj Microfinance, Buddhabhumi Hydropower, Eastern Hydropower, and Asian Hydropower all saw a 10 per cent increase. Additionally, the prices of People’s Power and Ingwa Hydropower rose by 6 per cent. However, United Ajod Insurance experienced the most significant decline, dropping by 4.8 per cent.