NEPSE Edges Up 12.17 Points

The Nepal Stock Exchange (NEPSE) index climbed 12.17 points (0.46 percent) to close at 2,607.42 on Wednesday, November 5.

The gain came after two straight days of losses, a 1.05 percent drop on Tuesday and a 0.31 percent fall on Monday, which had ended the brief winning streak recorded on Sunday and last Thursday. The market had surged 1.18 percent on Sunday, the first trading day of the week.

Trading activity, however, slowed on Wednesday.  Over 9.21 million shares worth Rs 4.68 billion changed hands across 42,879 transactions, compared to 10.34 million shares worth Rs 5.15 billion traded in 46,875 transactions the previous day.

Daily turnover has been on a steady decline this week, from Rs 9.20 billion on Sunday to Rs 6.05 billion on Monday and Rs 5.15 billion on Tuesday.

All three major sub-indices, Sensitive, Float, and Sensitive Float, closed higher, gaining 0.68 percent, 0.50 percent, and 0.29 percent, respectively.

Out of the traded companies, 149 advanced, 90 declined, and 12 remained unchanged.

Mabilung Energy Limited (MABEL), Unnati Sahakarya Laghubitta Bittiya Sanstha Limited (USLB), and Nepal Finance Ltd (NFS) were the top gainers of the day, soaring 9.99 percent, 9.96 percent, and 9.23 percent, respectively.

First Micro Finance Laghubitta Bittiya Sanstha Limited (FMDBL) led the losers’ list, dropping 7.48 percent.

Union Hydropower Limited (UNHPL) topped the turnover chart with shares worth Rs 386.15 million traded, followed by Himalayan Distillery Limited (HDL) at Rs 327.03 million and Radhi Bidyut Company Ltd (RADHI) at Rs 315.73 million.

Among the 13 sectoral indices, only two ended lower. The Hotels and Tourism Index slipped 0.45 percent, while the Mutual Fund Index edged down 0.05 percent. The Finance Index recorded the highest gain of 3.41 percent, while other sectoral indices rose by less than 1 percent.

Overall, market capitalization increased to Rs 4,360.27 billion from Rs 4,338.56 billion on Tuesday.