NEPSE climbs 31.54 points with turnover hitting Rs 8.57 billion

The secondary market recorded a notable upward movement, with the primary index climbing 31.54 points to settle at 2,695.60. Total transaction activity generated a turnover of Rs 8.57 billion. Trading figures showed a total of 23.25 million shares changing hands through 69,619 transactions across the registered companies on the floor. Sectoral performance was largely positive across the board. The banking sector recorded an increase of 2.28 percent, while the finance group went up by 1.69 percent and the development bank index rose by 1.55 percent. Other indices also posted upward movements, with gains ranging across various categories during the trading session. Individual equities also saw strong appreciation. Nepal Reinsurance Company registered an increase of 5.61 percent, Nepal Finance gained 5.49 percent, and NIC Asia Bank advanced by 4.69 percent. Conversely, a few specific equities experienced downward pressure, with Beni Hydropower and Swabhiman Laghubitta among the declining counters. Regarding market turnover by individual companies, Ghalemdi Hydro led the activity with share transactions totaling Rs 356.16 million. Siddhartha Bank followed closely with a turnover of Rs 253.8 million, while Laxmi Sunrise Bank recorded Rs 242.7 million and Kumari Bank registered Rs 235.9 million in transactions during the trading period.