Fiscal Nepal
First Business News Portal in English from Nepal
KATHMANDU. The Nepalese stock market witnessed broad-based gains on Monday, with all major indices closing in positive territory amid a surge in investor optimism ahead of the upcoming House of Representatives elections.
The NEPSE index rose 28.73 points to settle at 2,639 points, marking a strong start to the week. Market activity remained bullish throughout the day, with 214 listed companies recording price increases across all sectors.
Sector-wise gains were led by Manufacturing and processing, which surged 3.05 percent, followed by development banks (2.70%), hotels & tourism (2.53%), hydropower (1.44%), investment companies (1.23%), finance (0.83%), non-life insurance (0.42%), microfinance (0.53%), life insurance (0.49%), trade (0.22%), and other categories (0.78%).
Several individual companies posted double-digit gains, reflecting strong investor demand. Top performers included Sagar Distillery, SY Panel, Shringaar Agritech, Bandipur Cable Car, Ruru Hydropower, and Barahi Hydropower, all rising 10 percent. Other notable movers were Daramkhola Hydropower (9.54%), Himstar Energy (8.54%), Narayani Development Bank (8.53%), and Trade Tower (8.48%).
Conversely, a few companies experienced marginal declines, including Saptakoshi Development Bank (-2.49%) and Reliable Nepal Life Insurance (-2.23%), while eight companies remained unchanged.
Trading activity was robust, with the total turnover reaching NPR 647 million, up from NPR 501 million in the previous session. Among the most actively traded shares were Shivam Cement, Bandipur Cable Car, SY Panel, Shringaar Agritech, and Sagar Distillery.
Analysts note that the market’s positive momentum reflects growing investor confidence amid the approaching parliamentary elections, with production and processing companies emerging as the day’s main attraction.
The overall market sentiment suggests that investors are increasingly looking at fundamentally strong sectors while maintaining optimism in anticipation of stable political and economic conditions in the coming months.
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