Manufacturing, hotel and hydropower stocks lead as Nepse gains over 55 points in a week
Summary
NEPSE index rose 2 percent this week led by strong gains in Manufacturing, Hotel and Hydropower sectors, with Reliance Spinning Mills and National Hydro Power among the top traded stocks.
Key Points
- NEPSE benchmark index gained 55.60 points, closing at 2,837.78, a 2 percent increase from the previous week.
- Manufacturing and Processing sector led with an 8.40 percent gain, followed by Hotel and Tourism and Hydropower sectors.
- Reliance Spinning Mills recorded the highest turnover at Rs 2.57 billion; National Hydro Power Company led in trading volume with 7.41 million shares.
- Technical indicators show neutral-to-bullish momentum with RSI around 54 and potential bullish MACD crossover.
