NEPSE up 5.77pts

Kantipur Report
KATHMANDU, Sept 3 - The Nepal Stock Exchange (NEPSE) Wednesday rose 5.77 points on the trading floor after dropping for four consecutive days. The sensitive index also witnessed an increase of 2.4 points.
The sub-indices on NEPSE showed a mixed reaction. The banking sector was the highest gainer as it increased by 11.88 points followed by the development bank sector and the finance sector which increased by 1.69 points and 2.9 points respectively. Similarly the insurance sector lost the most by shedding 3.51 points followed by the hydropower sector which lost 2.21 points.
The share market witnessed a total turnover of Rs. 86.31 million compared to Rs. 105.17 million on Tuesday with 128,732 shares being traded. Shares of 66 companies changed hands on NEPSE.
Among the 18 commercial banks listed on NEPSE, Everest Bank posted the biggest growth with its stock rising by 110 points. All the banks that were listed on NEPSE saw an increase and none of them went into loss.
Similarly, among the 14 development banks whose shares were traded on NEPSE on Wednesday, Pashupati Development Bank witnessed the highest increase of 30 points while Biratlaxmi Bikas Bank dropped 14 points.
Among the 19 finance companies on NEPSE, Shrijana Finance promoter share was the highest gainer with an increase of 100 points in its share price. Guheyshwori Mer. Bank. Fin. lost 66 points.
The top five winners on NEPSE were Pashupati Development Bank with a 6.67 percent rise in its stock price followed by Lumbini Bank, Everest Finance, Siddhartha Bank and Lumbini General Insurance.
Similarly, the top five losers on Wednesday were Guheyshwori Merchant Banking and Finance which fell 9.97 percent followed by Nepal Awas Bikas Beeta, Reliable Finance, Nabil Bank promoter share and Life Insurance Company.
Nabil Bank topped the chart in terms of turnover with Rs. 9.81 million.