NEPSE Crosses 2700 Despite Mixed Sector Performance

Nepal’s stock market index, NEPSE, crossed the 2700 mark on Thursday, closing at 2,703.24 points, which is an increase of 9.14 points from the previous trading day. Despite this rise, the overall trading volume dipped slightly, with the total turnover recorded at Rs 9.64 billion—down from Rs 9.74 billion on Wednesday. Among the companies traded, 122 saw their stock prices go up, while 125 experienced a decline, reflecting mixed investor sentiment.

The finance sector led the market’s gains, jumping by 4.09%. This marks a strong rebound after several days of underperformance, even though the broader market has been trending upward since Sunday. Other sectors that posted gains included Life Insurance (up 2.62%), Non-Life Insurance (2.24%), Development Banks (1.20%), Banking (0.31%), Manufacturing & Processing (0.39%), and Others (0.03%).

On the downside, some sectors closed in the red. These included Trading, which dropped by 1.29%, Microfinance (down 0.22%), Investment (0.77%), Hydropower (0.59%), and Hotels & Tourism (0.07%). Overall, while the market index showed growth, the mixed performance across sectors and a slight drop in trading volume suggested cautious investor behavior.