Fiscal Nepal
First Business News Portal in English from Nepal
KATHMANDU: The Nepal Stock Exchange (NEPSE) continued its upward momentum for the third straight day, with the benchmark index rising 28.91 points on Tuesday to close at 2,660. This follows gains of 26 points on Sunday and 9 points on Monday, signaling growing investor confidence.
Trading volume also saw a notable increase, with transactions reaching NPR 7.03 billion on Tuesday, up from NPR 6.38 billion the previous day. The market saw broad participation, with 217 companies recording price increases, while 31 experienced declines.
Most sector indices posted gains, with the investment sector leading at 2.38%, followed by microfinance (2.22%), hydropower (1.38%), development banks (1.21%), life insurance (1.12%), banking (1.09%), non-life insurance (1.05%), hotels and tourism (0.57%), finance (0.55%), and others (0.48%). However, the manufacturing and processing sector dipped by 0.07%, and the trading sector fell 0.61%.
Standout performers included Samudayik Laghubitta and Nyadi Hydropower, both surging 9.87%, followed by Barun Hydropower (8.41%), Rapti Hydro and General Construction (8.31%), and Support Microfinance (8%). These gains reflect strong investor interest in microfinance and hydropower sectors, which have been key drivers of the recent market rally.
Analysts attribute the sustained market uptrend to improved liquidity in the banking system and optimism surrounding potential monetary policy adjustments. However, some caution that the year-end financial closing may create short-term volatility. Investors are closely monitoring upcoming policy announcements from the Nepal Rastra Bank, which could further influence market dynamics.
The robust performance of NEPSE, coupled with increased trading volumes, underscores a positive sentiment in Nepal’s capital market, offering opportunities for investors while highlighting the need for careful navigation amid seasonal financial pressures.
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