KATHMANDU, March 1: On the last trading day before the House of Representatives (HoR) election, the Nepali stock market recorded a double-digit gain. The NEPSE index climbed 19.27 points on Sunday, closing at 2,674.20.
All sub-sectors contributed to the market rise, with the finance sector index leading, up 2.22 percent. Share prices of 187 companies increased, while Salapa Bikas Bank and Reliance Spinning Mills hit the positive circuit. Market turnover also grew, reaching Rs 564.83 million on Sunday.
Inflation still in double digits
Investors in 64 companies faced losses due to falling share prices, while 11 companies remained stable. Himalayan Star Energy saw the largest decline, with shares dropping 4.16 percent. Radhi Hydropower recorded the highest trading volume at Rs 36.05 million, followed by API Power at Rs 33.21 million and Manjushree Finance at Rs 28.20 million.
The HoR poll is scheduled for March 5, and the market will reopen after March 9. The NEPSE index had been on an upward trend for the previous four consecutive days.
