Nepse rises marginally, turnover declines

The Nepse index rose by a modest margin on Monday, the first trading day of the week, even as turnover declined. According to the Nepal Stock Exchange, the index climbed about 4 points to close at nearly 2,596 points. On Friday, the index had risen by around 17 points.

Shares worth about Rs 4.46 billion were traded on Monday, down from roughly Rs 4.83 billion on Friday. Around 12.7 million shares changed hands during the day.

Despite the overall rise in the index, share prices of about 165 companies fell while those of around 105 companies gained. Among sub-indices, the banking and trading groups rose by about 1 percent each, while hydropower and hotel and tourism groups declined.

Dhaulagiri Microfinance hit the upper circuit, with its share price rising by about 15 percent. Snow River's price rose by nearly 14 percent. Rizal Energy's price fell the most, by about 6 percent.

By turnover value, Kumari Bank ranked first with shares worth about Rs 250 million traded. Ghalemdi Hydro and Sahas Urja ranked second and third respectively.