Fiscal Nepal
First Business News Portal in English from Nepal
KATHMANDU: Nepal’s stock market closed in positive territory on Monday despite sharp intra-day fluctuations, with the Nepal Stock Exchange (NEPSE) index gaining 5.01 points to settle at 2,936.56.
The benchmark index had dropped early in the session, falling to as low as 2,908 within the first 15 minutes of trading, before gradually recovering to end the day in the green—reflecting mixed investor sentiment and active profit-booking.
Market gains were primarily driven by sectors outside of banking and insurance. Sub-indices for development banks, hotels, life insurance, non-life insurance, and trading declined, while other sectors supported the overall index.
The manufacturing and processing sub-index led the gains, rising by 1.53 percent—the highest among all sectoral indices.
Total market turnover stood at Rs 15.78 billion, indicating sustained liquidity and strong trading activity in the secondary market.
Shares of Kumari Bank Limited recorded the highest transaction value of the day, with stocks worth Rs 672.3 million traded.
Despite the index closing higher, market breadth remained negative:
102 companies saw their share prices increase154 companies recorded declines
This divergence suggests that gains were concentrated in select stocks rather than broad-based across the market.
Shares of six companies, including Salapa Bikas Bank and Reliance Spinning Mills, hit the positive circuit limit, indicating strong buying pressure in select counters.
Market Trend Context
The modest gain follows a strong rally on Sunday, when NEPSE surged by 54.51 points. Analysts say the current volatility reflects a consolidation phase, with investors reassessing valuations after recent gains.
Market participants are expected to remain cautious in the near term, closely tracking liquidity conditions, interest rate outlook, and macroeconomic signals that could influence investor confidence.
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