NEPSE on a rising spree pre-Dashain

The Nepal Stock Exchange (NEPSE) rose by 21.33 points (0.82%) on Wednesday, closing at 2,621.26 points.

The index has been on roll since last Thursday with
total gains amounting to 48.90 points in the last five consecutive trading sessions. 

On Wednesday, the total market turnover however declined by 14.78% to NRs 3.99 billion, compared to previous NRs 4.68 billion, a decrease of NRs 691.57 million. 

A total of 354 scrips and 10,807,675 shares were traded. 

Wednesday’s double digit gain was pushed by a similar gain in the banking sub index, rising by 22.45 points (1.45%) to close at 1,565.68 points. All other sectoral indices also  recorded gains, with the non life insurance gaining 113.86 points (1.21%), followed by the life insurance, which advanced by 86.96 points (0.74%).

SBL Debenture emerged as the top gainer, rising by 13.21% to close at NRs 1,500, followed by Nepal SBI Bank Debenture which gained 8.18% (NRs 1,190), and Upakar Laghubitta Bittiya Sanstha by 4.95% (NRs 2,626.80). 

Sagarmatha Jalabidhyut recorded the largest loss, a decline by 6.32% to close at NRs 415, followed by Everest Colour by 4.95% (NRs 1,190), Swabhimaan Laghubitta Bittiya Sanstha by 3.75% (NRs 1,280.09). 

Kumari Bank led the turnover with transactions worth NRs 264.64 million, followed by Ghalemdi Hydro at NRs 216.01 million, Laxmi Sunrise Bank at NRs 128.20 million, Sanima bank at NRs 106.55 million.