Friday, March 14th, 2025

NEPSE surges above 2100 points, hydropower witnesses boom


14 January 2024  

Time taken to read : 2 Minute


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KATHMANDU: The Nepal Stock Exchange (NEPSE) has once again crossed the 2100-point mark, reaching 2120 on Sunday, the first trading day of the week.

After 25 days, the market has surpassed 21,00, closing at 21,20 points today.

On the first trading day of the week, Sunday, NEPSE increased by 31.62 points, settling at 2120 points. Within minutes of the market opening, NEPSE crossed 21,00, maintaining that level until the closing time. On this day, the prices of 211 companies increased, 33 decreased, and 3 remained stable.

The hydropower group witnessed a significant growth on Monday. This group saw the highest increment among all, rising by 4.58 percent. The other group also witnessed an increase of 2.77 percent followed with banking at 0.47 percent, development bank at 1.24 percent, finance at 1.55 percent, investment at 1.24 percent, life insurance at 0.42 percent, production at 1.03 percent, microfinance at 1.96 percent, and non-life insurance group at 0.01 percent.

Hotel and Tourism (0.01 percent) and Trade (0.94 percent) groups experienced a decline. Based on business volume, Nepal Reinsurance Company, Sonapur Cement, Hathway Investment Company, Arun Valley Hydropower, and Arun Kabeli were leading.

Many companies saw significant increases and decreases on this day. Twelve companies increased by 10 percent in value. Himalayan Power Partner, Kalika Power Company, Tehrathum Power, Mid-Bhotekoshi Hydropower, Mailung Khola, Trishuli Hydropower, Muktinath Agriculture Company, Nepal Wire House, Himalayan Reinsurance, Divyashwori Hydro, Rasuwagadhi Hydropower, and Dordi Power experienced a 10 percent surge in value.

Similarly, Upper Sange Hydropower (9.6 percent), People’s Power Company (9.2 percent), Mountain Hydro Nepal (9 percent) also witnessed substantial growth.

Conversely, Nirdhan Utthan Microfinance (4.3 percent), Manakamana Smart Microfinance (2.4 percent), and Molung Hydropower (1.7 percent) experienced a decline in value.

Publish Date : 14 January 2024 16:28 PM

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