NEPSE Rises, Turnover Declines

Following a dip on the previous two trading days, the Nepal Stock Exchange (NEPSE) rose by 0.36%, or 9.66 points, on Wednesday, April 9, closing at 2,676.28.

This follows a two-day decline, with the index having fallen 1.23% on Monday and 0.12% on Tuesday. NEPSE had been closed on Sunday for the Ram Navami holiday.

The day’s trading saw a "doge" shaped candlestick pattern, which analysts interpret as a signal that the market is attempting to rise, though investor uncertainty persists. Experts attribute the hesitation to factors like the delay in appointing a new governor, which has hindered investor confidence and, consequently, impacted market performance.

On Wednesday, the share prices of 154 companies saw an increase, while 90 companies experienced declines, and one company’s share price remained unchanged.

Despite the index's recovery, trading volume saw a downturn, with total turnover exceeding Rs 4.48 billion, down from over Rs 5.3 billion the previous day. 

More than 10 million shares changed hands across 45,094 transactions.

All major indices ended the session in positive territory. The Sensitive Index rose by 0.32%, the Float Index increased by 0.34%, and the Sensitive Float Index gained 0.33%.

Among the day's top performers, Nepal Micro Insurance Company Limited (NMIC) led the gainers with a 9.98% rise in its share price. 

On the flip side, Sindhu Bikash Bank Ltd (SINDU) saw the largest loss, with its share price dropping by 7.47%.

NRN Infrastructure and Development Limited (NRN) dominated the turnover chart, followed by CEDB Holdings Limited (CHDC) and Himalayan Reinsurance Limited (HRL).

Among the 13 sectoral indices, only the Trading Index and Banking Sub-Index closed in the red, down by 0.40% and 0.03% respectively. The Hotels and Tourism Index posted the highest gain of the day, surging by 2.44%.