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Market

Index surpasses 2,800 as market regains momentum

Photo: Yan Krukau | Pexels
Photo: Yan Krukau | Pexels

NEPSE climbs past 2,800 points as all sector indices rise, led by production and processing; turnover jumps to NPR 8.32 billion.

-the_farsight |

The NEPSE index climbed to 2,802.52 points on Wednesday, rising 45.12 points and crossing the 2,800-mark. All trading sub-sectors contributed to the market’s upward movement, with the production and processing sector leading gains with a 3.87% increase.

A total of 251 companies saw their share prices rise, while seven companies hit the positive circuit. Reliance Spinning Mills, Shrinagar Agritech, Solu Hydropower, Hotel Forest Inn, Super Khudi Hydropower, Rizline Energy, and Suryakund Hydropower were among those registering the maximum allowed price surge. Other notable gainers included: Sanvi Energy: 9.22% and Bandipur Cable Car: 8.18%

On the downside, investors in 15 companies suffered losses, with Swetganga Hydropower experiencing the steepest decline, dropping 4.35%.

Trading activity also picked up, with turnover reaching NRs 8.32 billion, up from NRs 6.73 crore on Tuesday. SY Panel recorded the highest volume at NRs 468.1 million, followed by Reliance Spinning Mills at NRs 421.6 million and Shivam Cement at NRs 372.0 million.

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