Kathmandu: The upward trend in stock market continued on Wednesday, with the Nepal Stock Exchange (NEPSE) index rising by 9.61 points to close at 2,983.31.
This marks the seventh consecutive trading session of gains, signaling strong investor confidence in the market.
On Tuesday, the index had surged by an impressive 80.97 points, following Monday’s 21.76-point rise and Sunday’s marginal gain of 0.32 points. The previous week had also witnessed a bullish streak, with NEPSE climbing 75.84 points on Thursday, 34.61 points on Wednesday, and 34.46 points on Tuesday.
The total transaction volume on Wednesday reached Rs 19.57 billion, slightly lower than Tuesday’s trading turnover of Rs 19.82 billion. Despite the overall market gain, the performance across individual stocks was mixed, with the share prices of 98 companies increasing while 152 saw declines.
Among the notable performers of the day, shares of Trade Tower and Sanvi Energy hit the positive circuit limit, indicating the maximum permissible gain for a trading day. Green Venture Limited also saw its share price surge by 9.40 percent.
Finance companies led the day’s rally, with the finance subgroup registering the highest gain of 3.43 percent. The hydropower and investment sectors also posted over 1 percent growth. However, the hotel and tourism sector lagged behind, registering a decline of 1.07 percent.
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