KATHMANDU, Feb 26: The stock market has risen for the fourth consecutive day. On Thursday, the NEPSE index climbed 6.03 percent to reach 2,654.93 points, although the trading volume fell compared to the previous day.
The rise was driven by sub-sectors excluding hotels and tourism, manufacturing and processing, microfinance, and mutual funds. Life insurance companies recorded the highest growth, up 1.09 percent.
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Shares of 138 companies gained, benefiting their investors. Salapa Bikas Bank saw its share price rise 9.99 percent, while Reliance Spinning Mills shares increased by 9.26 percent. Meanwhile, 118 companies recorded price declines, and 7 companies remained unchanged.
With the country in an election period, investors remain cautious. Trading volume fell to Rs 417.46 million on Thursday from Rs 445 million on Wednesday, despite the rising index. Previously, market activity had increased on Monday, Tuesday, and Wednesday.
Api Power Company recorded the highest trading value on Thursday at Rs 326.8 million, followed by Aankhu Khola Hydropower (Rs 211.3 million), SY Panel (Rs 155.1 million), and Ngadi Group Power (Rs 147.9 million).
