SABBL and RSML Top Gainers’ List, Again

The Nepal Stock Exchange (NEPSE) index edged up 0.22 percent, or 6.03 points, to close at 2,654.93 on Thursday, February 26.

The market opened higher at 2,665.80 but failed to sustain momentum above key support level.

Earlier in the week, the benchmark had inched up 0.09 percent on Monday after three consecutive declines. It then gained 0.82 percent on Tuesday and 0.39 percent on Wednesday.

Daily turnover slipped to Rs 4.17 billion from Rs 4.45 billion a day earlier. More than 10 million shares were traded through 44,204 transactions.

All major sub-indices closed in positive territory. The Sensitive Index rose 0.42 percent. The Float Index advanced 0.26 percent. The Sensitive Float Index gained 0.40 percent.

Market breadth was mixed. Share prices of 137 companies advanced, while 118 declined and seven remained unchanged.

Salapa Bikas Bank Limited (SABBL) emerged as the top gainer, once again, jumping 9.99 percent to Rs 584.5. Reliance Spinning Mills Limited (RSML) followed, advancing 9.26 percent to Rs 567.5.

The 10% Nabil Debenture 2082 was the biggest loser, falling 3.60 percent.

Api Power Company Ltd. (API) led the turnover chart, with shares worth Rs 326.83 million changing hands. It was followed by Ankhu Khola Jalvidhyut Company Ltd. (AKJCL) and SY Panel Nepal Limited (SYPNL).

Of the 13 sectoral indices, four closed lower. The Life Insurance Index posted the strongest gain, rising 1.09 percent. The Manufacturing and Processing Index recorded the steepest decline, down 0.41 percent.

Market capitalisation increased to Rs 4,466.06 billion from Rs 4,455.91 billion in the previous session.