Economy and Business

NEPSE Index surges 114.70 points as market sees over Rs 7.6 billion in turnover


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KATHMANDU: By the close of Tuesday's trading session, the Nepal Stock Exchange (NEPSE) index had risen significantly by 114.70 points, or 4.57%. It was now trading at 2,623.56 points. This was a strong turnaround for the market, which saw improved investor confidence reflected in the total activity.


At Rs 7.616 billion, the daily turnover more than doubled from Rs 3.71 billion the day before. There was significant market activity as evidenced by the 96,906 trades of 17,507,555 shares from 307 businesses.


Eighteen companies saw a 10% increase in their share values, contributing to the broader rise in the NEPSE index. Along with the main index, the Sensitive Index also grew by 4.31%, and the Float Index rose by 4.60%, underscoring strong performance across various market segments.


With the exception of the Finance sector, which increased by 9.74%, all sectors ended the day higher. Other noteworthy sectors included hotels and tourism at 5.97%, hydropower at 5.98%, development banks at 5.48%, and investment at 6.10%. The "Others" sector expanded by 4.67%, while the life insurance industry saw a 4.12% growth.


Of the entire number of stocks that were traded, 243 saw gains, just one had a drop, and one stayed the same, indicating general market optimism. The majority of corporations saw an increase in share prices, while overall market sentiment remained positive.


Following the day's advances, the value of listed firms increased significantly, as evidenced by the overall market capitalization of Rs 4.171 trillion at the end of trading.