NEPSE gains meager 3.26 points and closes at 1,540.51; Investors' attention shifts to Hydropower Companies

The NEPSE index closed at 1,540.51, gaining a meager 3.26 points today.

Overall 15.13 points volatility was witnessed in the trading hours today, with the highest point being 1,553.56 and the lowest being 1,538.43.

8,834,215 shares traded hands to produce a turnover of Rs. 3.21 Arba. 190 scrips were traded via 45,453 transactions.

The float index gained 0.45 points and closed at 106.41 while the Sensitive index is at 306.24 after gaining 2.28 points.

Nepal Reinsurance Company Limited had the highest turnover Rs. 20.43 crores. This is lower than its yesterday's turnover of 24.31 crores. The shares of Nepal Bank Limited (NBL) traded the most.

Eight companies hit a positive circuit today (technically). They are Arun Valley Hydropower Development Company Limited (AHPC), NRN Laghubitta Bittiya Sanstha Limited (NLBSL), Reliance Life Insurance Limited (RLI), Union Hydropower Company Limited (UNHPL), Ridi Hydropower Development Company Limited (RHPC), Ankhukhola Hydropower Company Limited (AKJCL), Chhyangdi Hydropower Company Limited (CHL), and Barun Hydropower Company Limited (BARUN).

Interestingly, six of the eight highest gainers are hydropower companies. It seems that investors are attracted to the hydropower sector for a few days now.

Meanwhile, Rastriya Beema Company Limited Promoter Share (RBCLPO) lost the most 8.17%.

Seven sectors lost today while five others ended green. Banking gained the most 1.21% while Non-Life Insurance lost the most 3.04%. This can be seen as profit-taking and a pullback in the non-life insurance sector given that the sector was rising heavily for the last few days.