Nepal Stock Exchange Gains 57 Points, Market Value Increases by Rs 100 Billion

The Nepal Stock Exchange (Nepse) saw a significant surge this week, with the benchmark index climbing 57.06 points to close at 2,734.60. This rise, a 2.13 percent increase from the previous week, was largely propelled by strong performances in the manufacturing, trading, and hydropower sectors.

Overall market capitalization expanded by Rs 100 billion, reaching Rs 4.70 trillion. Despite the overall positive trend, trading turnover experienced a slight dip of 2.95 percent, falling to Rs 28.33 billion. This moderation in activity is attributed to a decrease in regulatory-driven debenture sales compared to the prior week.

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The allegations contained in the motion are false and disparaging, and are capable of gravely discouraging officers and men who daily risk their lives to combat illegal mining in difficult terrains across the country.

Among the 13 sub-indices, 11 closed higher. The Manufacturing and Processing sub-index saw the most substantial gain, rising 4.11 percent. The Trading and Hydropower sub-indices also posted notable increases. Conversely, the Mutual Fund sub-index was the largest decliner, while the Non-Life Insurance sub-index experienced a slight drop.

Market analysts suggest that concerns over potential insurance claims from damages during recent protests may have contributed to selling pressure on non-life insurance companies. Top gainers included Everest Colour Limited, which surged over 101 percent, and Salapa Bikas Bank Limited, which rose by 26.91 percent. The biggest loser was Kutheli Bukhari Small Hydropower, declining 12.06 percent.

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The allegations had been comprehensively rebutted with documentary evidence, including the bank statement of the officer concerned and official rejoinders published in national newspapers.