Economy and Business

NEPSE surges 127.25 points, exceeds 2,800 mark


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KATHMANDU: The Nepal Stock Exchange (NEPSE) saw a significant uptick today, closing at 2,823.25 points, above the 2,800-point threshold, after rising 127.25 points, or 4.72%. The sensitive index, which measures 'A' class companies, grew by 4.77%, while the float index increased by 4.86%, both of which demonstrated a robust recovery. The entire daily activity increased to Rs 13.1 billion, with 160,579 transactions involving 31,430,048 shares traded across 335 businesses.


Each of the three market sectors saw growth: the finance sector saw the largest increase, rising 7.89%, followed by the investment and hydropower sectors, at 5.45% and 5.36%, respectively. The sectors of hotels and tourism (4.92%), non-life insurance (4.81%), and development banks (4.99%) also saw noteworthy growth. In addition, the banking industry gained 4.73%, the life insurance industry grew by 4.69%, and the others index witnessed a 4.14% boost. At 0.84%, the Mutual Fund industry saw the least amount of growth.


Just five firms had their share values drop in relation to individual stock movements, compared to 239 companies that saw increases. Significant gains of 10% in share prices were reported by seven firms. With today's trade showing a generally good performance, the entire market capitalization has now surpassed Rs 4.483 trillion.


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