Hydropower Rally Lifts NEPSE 33 Points to 2-Month High

Kathmandu: The Nepal Stock Exchange (NEPSE) on Wednesday surged 33.29 points to two months high at 2,664.06 points.

Six out of top 10 gainers were from energy-related sector. By adding 15 percent in its share value, Beni Hydropower Project was the highest gainer, followed by Butwal Power Company with 10.60 percent gain.

Likewise, Liberty Energy Company had the largest turnover amount of its shares worth Rs 325.07 million. Ghalemdi Hydro Limited and Butwal Power Company were the next in the row.

As life insurance group gained a notable of 188.20 points, hydropower group posted a rise of 2.06 percent (75.03 points). Among 13 sectors, only trading declined 14.22 points.

The secondary market opened at 2,630.76 points and went to an upward trend throughout the trading hours. The share prices of 241 companies increased, while those of 35 companies declined; the prices of three companies remained unchange.

The total turnover escalated to Rs 7.45 billion from Rs 5.79 billion on Tuesday. The amount was highest in the past one and a half months.