NEPSE Index Climbs 64 Points as Banking and Development Bank Stocks Lead Gains

On the last trading day of the week, the NEPSE index closed with significant gains. On Thursday, the NEPSE index rose by 64.69 points to reach 2,877.03 points. Similarly, the Sensitive Index increased by 11.63 points, the Float Index by 4.85 points, and the Sensitive Float Index by 4.14 points. The banking sub-sector led the market rally, contributing to the positive momentum.Trading volume also showed a notable increase. A total of 191,251 transactions of 342 stocks resulted in the trading of 56.92 million shares worth NPR 2.12 billion. All 13 sub-sectors recorded gains, with the Development Bank sub-sector leading with a 3.95% increase. The Banking sub-sector rose by 3.16%, while the Hydropower and Life Insurance sub-sectors gained over 2%.Shares of Corporate Development Bank, Salpa Development Bank, Reliance Spinning Mills, and Solu Hydropower traded at the positive circuit limit. Hotel Forest Inn’s share price increased by nearly 10%, and Sanjen Hydropower rose by 8%. Conversely, Nepal Life Samriddhi Investment Plan saw its unit price drop by a maximum of 5.12%.Based on trading volume, Ngadi Group Power led the market with shares worth NPR 671.6 million traded. Similarly, National Hydropower saw shares worth around NPR 670 million traded, and Ridi Hydropower crossed NPR 625 million in trading value.