Kamal The Nepal Stock Exchange (NEPSE) gained momentum this week, closing with a rise of 24 points or 0.87%. The index, which had closed at 2,757 points last week, rose to 2,781 points. After falling to as low as 2,739 points on Sunday, the market showed signs of recovery.
Market Movement During the Week
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Sunday: Market fell by 18.02 points
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Monday: Gained 21.30 points
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Tuesday: Rose by 4.83 points
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Wednesday: Jumped by a strong 53.01 points
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Thursday: Declined by 38.10 points
The highest turnover was seen in the last two trading days, with transactions crossing NPR 8 Arba.
Daily Turnover:
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Sunday: NPR 6.54 Arba
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Monday: NPR 5.75 Arba
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Tuesday: NPR 4.18 Arba
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Wednesday: NPR 7.68 Arba
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Thursday: NPR 8.09 Arba
Sector Highlights: Reinsurance Boosts the “Others” Group
The “Others” sector surged the most this week, gaining 4.58%. The rise was primarily driven by two large reinsurance companies — Nepal Reinsurance and Himalayan Reinsurance — whose stock prices surged significantly.
Both companies are in the process of increasing their paid-up capital to NPR 20 Arba by issuing bonus and rights shares, which has attracted investor interest.
Top Traded Companies (by Turnover)
The most traded stock of the week was Himalayan Distillery, with a total turnover of NPR 2.54 Arba. Other actively traded companies included:
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Himalayan Reinsurance
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Nepal Reinsurance
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Pure Energy
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Green Ventures
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Shivam Cement
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Butwal Power
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Lumbini Bikas Bank
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Chandragiri Hills
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Singati Hydro Energy
By number of transactions, Pure Energy led the list, followed by Himalayan Reinsurance and Himalayan Distillery.
IPOs and Rights Shares Currently Open
Several new share issues are currently open for investors:
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Bandipur Cable Car: 43.41 lakh units of IPO open for the general public (closing on Sunday).
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Srinagar Agritech Industries: IPO open for Nepalese in foreign employment (3.09 lakh units).
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Rights Issues:
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Joshi Hydropower (1:0.65 ratio, closes on Bhadra 19)
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Khanikhola Hydropower (1:1 ratio, closes on Bhadra 23)
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Global Market Snapshot
Global stock markets had mixed performance this week:
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China (Shanghai Composite Index): Up 0.25% (6.88% rise in one month)
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USA (Dow Jones): Up 1.52% (2.25% rise in one month)
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USA (S&P 500): Up 1.84% (2.06% rise in one month)
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UK (FTSE 100): Down 1.21% (up 0.65% in one month)
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Japan (Nikkei 225): Down 0.60% (up 5.03% in one month)
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India (BSE Sensex): Down 1.8% (down 1.52% in one month)
Sector-wise Market Fluctuations This Week
Top Gaining Companies of the Week
Companies with the Biggest Price Drop This Week
Summary:
The NEPSE index gained 24 points this week, mainly supported by strong performance in reinsurance companies. Trading volume picked up significantly in the last two days, signaling improving investor confidence. IPOs and rights issues are keeping the market active, while global markets showed a mixed trend.
