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Hydropower rally pushes NEPSE to 2-month high as turnover hits 6-week peak

The Nepal Stock Exchange (NEPSE) on Wednesday surged 33.29 points to two months high at 2,664.06 points.
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By REPUBLICA

KATHMANDU, Oct 28: The Nepal Stock Exchange (NEPSE) on Wednesday surged 33.29 points to two months high at 2,664.06 points.



The secondary market opened at 2,630.76 points and went to an upward trend throughout the trading hours. The share prices of 241 companies increased, while those of 35 companies declined; the prices of three companies remained unchanged.


Related story

Nepse loses 18 points after two-day rally


The total turnover escalated to Rs 7.45 billion from Rs 5.79 billion on Tuesday. The amount was highest in the past one and a half months.


As the life insurance group gained a notable 188.20 points, the hydropower group posted a rise of 2.06 percent (75.03 points). Among 13 sectors, only trading declined 14.22 points.


In individual companies, six out of top 10 gainers were from the energy sector. By adding 15 percent in its share value, Beni Hydropower Project was the highest gainer, followed by Butwal Power Company with 10.60 percent gain. Prime Debenture 2088 lost the most of 2.96 percent.  


Likewise, Liberty Energy Company had the largest turnover amount of its shares worth Rs 325.07 million. Ghalemdi Hydro Limited and Butwal Power Company were the next in the row.


 

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