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January 30, 2024

NEPSE registers 2,104 points with transactions crossing Rs.4.5 billion

The NEPSE index has registered 2,104 points on Monday. The index rose 10.26 points as transactions reached Rs 4.56 billion compared to Rs 3.83 billion on Sunday. As regards market performance, 150 companies witnessed an increase in value, while 86 experienced a decline, and 11 maintained status quo. Significantly, the ‘Other’ group showed the highest […]

The NEPSE index has registered 2,104 points on Monday. The index rose 10.26 points as transactions reached Rs 4.56 billion compared to Rs 3.83 billion on Sunday. As regards market performance, 150 companies witnessed an increase in value, while 86 experienced a decline, and 11 maintained status quo.

Significantly, the ‘Other’ group showed the highest increase at 1.64 per cent, followed by Hydropower with a 1 per cent rise. Conversely, the banking sector decreased by 0.74 points while the manufacturing increased by 2.18 points, and non-life insurance witnessed a decline of 12.56 points. In individual sectors, the Development Bank witnessed a 2-point increase, Finance registered a rise of 9 points, Hotel and Tourism experienced a growth of 6 points, Hydropower observed a significant increase of 28 points, Life Insurance recorded a substantial surge of 77 points, Manufacturing increased by 26 points and Other sectors witnessed a growth of 28 points.

Union Hydropower, Arun Valley Hydropower, and Mid Solu Hydropower all witnessed a substantial increase in prices, each rising by 10 per cent. Bindhyabasini Hydropower experienced an 8.7 per cent increase, while Upper Syange registered an 8.4 per cent increase. On the other hand, the value of Mahuli microfinance witnessed a decrease of 3.4 per cent, and Chandragiri Hills saw a decline of 2.7 per cent.