Fiscal Nepal
First Business News Portal in English from Nepal
KATHMANDU: Nepal’s stock market extended its bullish momentum on Wednesday, with the benchmark NEPSE Index crossing the psychological threshold of 2,800 points amid broad-based gains across all sectors.
The index climbed by 45.12 points, rebounding from a marginal 2.61-point decline in the previous session, to close at 2,802 points—also marking the day’s intraday high.
Market activity strengthened alongside the rally, with total turnover rising to Rs 8.31 billion compared to Rs 6.73 billion recorded a day earlier. Investor sentiment remained overwhelmingly positive, as share prices of 251 companies advanced, while only 15 declined and two remained unchanged.
All sectoral indices ended in positive territory, signaling strong market breadth. The manufacturing and processing sector led the gains with a sharp 3.87 percent increase. Other major sectors also posted notable growth, including banking (1.15%), development banks (1.98%), finance (1.45%), hotels and tourism (2.56%), hydropower (2.61%), investment (1.35%), life insurance (1.31%), microfinance (1.28%), non-life insurance (1.01%), trading (0.61%), and others (0.15%).
Several stocks hit the upper circuit, with multiple companies recording a 10 percent price surge. Among the top gainers were Reliance Spinning Mills, Shreenagar Agritech, Solu Hydropower, Hotel Forest Inn, Super Khudi Hydropower, Ridi Power Company (Reshline Energy), and Suryakund Hydroelectric.
Additional strong performers included Sanvi Energy, which rose by 9.22 percent, and Bandipur Cable Car, up by 8.18 percent.
On the downside, a few hydropower stocks faced corrections. Swet Ganga Hydropower declined by 4.35 percent, followed by Mikhola Hydropower (3.23%) and Three Star Hydropower (2.28%).
In terms of trading volume, the most actively traded companies included SY Panel Nepal, Reliance Spinning Mills, Shivam Cements, NRN Infrastructure, and National Hydropower.
Market analysts attribute the rally to improving investor confidence, increased liquidity, and expectations of favorable economic policies, particularly in infrastructure and energy sectors. The strong upward movement across all indices indicates sustained bullish sentiment, although experts caution investors to remain mindful of potential short-term corrections following rapid gains.
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