Economy and Business

NEPSE index surges past 2,800 points with 3.41% gain


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KATHMANDU: On the first day of trading for the week, the Nepal Stock Exchange (NEPSE) index rose 94.53 points, or 3.41%, breaking above the 2,800-point barrier. By the conclusion of the day, the index had reached 2,860.91 points. The Class 'A' equity-tracking sensitivity index grew by 3.76%, while the float index, which measures routinely traded shares, climbed by 3.53%.


Every industry had tremendous market expansion. The life insurance sector led with a 4.55% increase, followed by the investment and microfinance businesses at 4.12% and 4.40%, respectively. Other industries had rises, too, including banking (3.35%), non-life insurance (3.45%), development banks (2.58%), hydropower (3.93%), and finance (3.48%).


Regarding the performance of individual stocks, the share prices of 225 businesses increased, 15 witnessed a fall, and two stayed the same. Notably, the shares of nine firms increased by 10%, including NHPC, NMLBBL, and HIDCL. On the other hand, the share value of Kutheli Bukhari Small Hydropower Limited (KBSH) decreased by 10%.


The market saw a notable daily turnover of Rs 25.7 billion, involving 60,321,323 shares traded across 330 companies in 265,207 transactions. This turnover represents an increase from the Rs 20 billion recorded last Thursday. The total market capitalization reached Rs 4.541 trillion.


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