Fiscal Nepal
First Business News Portal in English from Nepal
KATHMANDU: Nepal’s stock market surged on Sunday, with the NEPSE Index gaining 54.51 points to close at 2,931—its highest level in nearly eight months.
The rally follows a strong upward trend from the previous session, where the benchmark index had climbed by 64 points. Market momentum was supported by a sharp rise in trading volume, with total turnover reaching Rs 23.59 billion, up from Rs 21.22 billion recorded in the last trading session. This marks the highest कारोबार (turnover) since Shrawan 11.
Broad-Based Market Gains
Out of the traded companies, 183 stocks advanced, while 73 declined and 8 remained unchanged. Sectoral indices showed widespread gains, with all groups posting increases except the trading sector, which dipped marginally by 0.11 percent.
The microfinance sector led the rally with a 4.21 percent gain. Other major sectors also recorded strong growth, including banking (2.49%), development banks (2.46%), finance (2.13%), hotels and tourism (3.05%), life insurance (2.00%), non-life insurance (2.72%), manufacturing and processing (1.93%), and others (1.71%). Hydropower and investment sectors posted moderate gains of 0.33% and 0.77%, respectively.
Stocks Hitting Upper Circuit
A total of 10 companies saw their share prices rise by the maximum daily limit of 10 percent. Among the main gainers were Reliance Spinning Mills, Corporate Development Bank, Salpa Bikas Bank, Abhiyan Laghubitta, Solu Hydropower, Bhujung Hydropower, Hotel Forest Inn, and Vijaya Laghubitta.
On the losing side, Super Madi Hydropower recorded the highest decline of 3.15 percent.
High Trading Activity Stocks
Shares of Kumari Bank, National Hydropower Company, Shivam Cements, Ngadi Group Power, and Himal Dolakha Hydropower were among the most actively traded stocks of the day.
Market analysts attribute the continued bullish trend to increased investor confidence, improved liquidity, and expectations of favorable economic and policy developments in the near term.
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