KATHMANDU: On Wednesday, the Nepal Stock Exchange (NEPSE) rose 54.04 points, or 2.33%, following a significant 3.13% advance on Tuesday. The NEPSE index closed at 2,364.63 points for the day. A notable increase in turnover was also recorded throughout the day's trading, with 149,681 transactions comprising the exchange of 32,095,937 shares of 306 companies, totaling Rs 12 billion. This marked a significant jump from Tuesday's intraday turnover of Rs 9.1 billion. Additionally, there were advances of 2.50% and 2.39% for the sensitive index, which rates class 'A' companies, and the float index, which rates shares that are regularly traded.
Various sectors within NEPSE demonstrated strong performance, with all sectors registering gains today. The hotel and tourism industry led the way with a strong 5.55% gain. With a gain of 5.50%, the finance industry came in just behind. Along with the manufacturing and processing industry, which had advances of 3.02% and 3.34%, respectively, the non-life insurance sector and the development bank sector both did well, with a growth of 4.09%. On the other hand, investor interest in the hydropower industry, which led to Tuesday's increases, somewhat decreased despite its tiny 1.71% gain.
204 firms had an increase in their share price among individual stocks, 32 witnessed a fall, and six saw no change. Central Finance Co. Ltd. (CFCL), whose share price increased by 10%, emerged as one of the top gainers.
