Fiscal Nepal
First Business News Portal in English from Nepal
KATHMANDU: Nepal’s stock market extended its upward momentum on Tuesday, with the benchmark index of the Nepal Stock Exchange rising by 13.51 points to close at 2,812.34.
The market rally was accompanied by a surge in trading volume, with total turnover reaching Rs 12.03 billion. A total of 348.52 million shares of 340 listed companies were traded through 106,140 transactions during the day.
Investor sentiment remained positive, as two companies—Reliance Spinning Mills and Solu Hydropower—hit the upper circuit limit, reflecting strong buying pressure in select stocks.
On the losing side, investors in NIC Asia Growth Fund II recorded the highest decline.
In terms of turnover, Ridi Power Company led the market with transactions worth Rs 563.7 million, followed by Ankhu Khola Hydropower (Rs 517.59 million). Other top transaction contributors included National Hydropower Company, Himal Dolakha Hydropower, and Shi-Shree Hydropower, all securing positions among the top five traded companies.
Sector-wise, six sub-indices closed in positive territory. Hydropower led the gains with a 1.59 percent rise, followed by banking (0.84 percent), development banks (0.64 percent), investment (0.61 percent), manufacturing (0.29 percent), and mutual funds (0.25 percent). Remaining sectors ended the session in the red.
The latest uptick signals improving investor confidence in Nepal’s capital market, supported by increased liquidity and post-election optimism, although sectoral performance remains mixed.
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