Kathmandu May 2 — Despite a generally declining market, the hydropower sector has shown strong performance this week, emerging as a key driver of optimism in the Nepal Stock Exchange. With 91 listed companies—the highest among all sectors—hydropower continues to demonstrate its potential to energize overall market sentiment.
This week, the hydropower index posted a gain of 0.71%, and the sector dominated the list of top-performing stocks. Out of the top 10 companies with the highest price increases, 8 belong to the hydropower sector, reaffirming its central role in recent market activity.
Meanwhile, two newly listed companies—Nepal Micro Insurance and Crest Micro Life Insurance—made a remarkable debut in the secondary market, each recording a 61% surge in share price. Their upward momentum is expected to continue in the coming week.
Market analysts anticipate that these two micro insurance companies could soon reach valuation levels similar to Guardian Micro Life Insurance, whose shares are currently trading above NPR 2,400.
With hydropower and micro insurance companies gaining traction, investors may see renewed confidence in selective sectors despite the broader market slowdown.
Source: Online Khabar
