Fiscal Nepal
First Business News Portal in English from Nepal
KATHMANDU: Nepal’s stock market staged a strong recovery on Wednesday, with the benchmark NEPSE Index surging 44.59 points after suffering losses for seven consecutive trading sessions.
The rally lifted the benchmark by around 1.71 percent, taking the index to 2,652 points, while trading activity also strengthened, reflecting renewed investor confidence.
Daily turnover increased to Rs 3.86 billion, up from Rs 3.25 billion recorded in the previous trading session.
The market remained in positive territory throughout the day, with buying pressure seen across most sectors.
Investor sentiment improved significantly as 252 listed companies posted gains, while only 17 companies declined and six remained unchanged.
All sectoral indices closed higher, indicating broad participation in the market rally.
The trading sector emerged as the day’s best performer, advancing 2.60 percent, followed by hydropower at 2.42 percent and manufacturing and processing at 2.34 percent.
Other sectoral performances included:
The across-the-board gains suggest investors returned to buying after a prolonged market correction.
Among individual stocks, newly listed Snow Rivers Limited recorded the highest gain of the day, climbing 15 percent.
Other notable gainers included:
Despite the market-wide rally, a handful of companies ended lower.
Corporate Development Bank posted the steepest decline, falling 5.21 percent.
It was followed by:
In terms of trading value, Laxmi Sunrise Bank topped the list of the most actively traded companies during Wednesday’s session.
Other heavily traded stocks included:
Wednesday’s sharp rebound ended a week-long losing streak and brought renewed optimism to Nepal’s secondary market. The simultaneous rise in both the NEPSE Index and daily turnover indicates stronger investor participation, particularly in hydropower, manufacturing, banking and trading stocks.
Market participants will now be watching whether the positive momentum can be sustained in the coming trading sessions after the benchmark recovered from its recent correction.
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