NEPSE rises for sixth straight day, crosses 2,625 points

The share market rose for a sixth consecutive trading day on Thursday. The NEPSE index gained about 4.5 points to cross 2,625 points. On the previous day, Wednesday, the market had risen by about 21 points.

Turnover also increased, rising from about 4.13 billion rupees on Wednesday to about 4.71 billion rupees on Thursday. A total of about 13.6 million shares of 349 listed securities were traded.

After a long time, the banking sub-index fell slightly, while the finance group rose by about 1 percent to lead the gainers. The hydropower, investment, development bank and insurance groups also rose, while the trading, manufacturing and processing, and other groups declined.

Beni Hydropower's share price rose about 15 percent to reach nearly 314 rupees per unit. Himalayan Everest Insurance's price rose about 6 percent. SBL Debenture 2089's price, however, fell about 3 percent.

Kumari Bank saw the highest turnover, with shares worth more than 23.5 million rupees traded. On Thursday, the prices of 171 companies rose, 91 fell, and 15 remained unchanged.