KATHMANDU: The Nepal Stock Exchange (NEPSE) index rose 70.18 points on Tuesday, crossing the 2,300-point threshold. The NEPSE index concluded the trading session at 2,310.59 points, a new record high in recent months, after advancing 3.13%. Alongside the benchmark index, the float index, which evaluates actively traded shares, increased by 3.32%, and the sensitivity index, which tracks class 'A' businesses, increased by 3.10%.
Though practically every segment of the market increased, the Mutual Fund sector lost 0.42%. Overall, the market exhibited mostly bullish characteristics. The hydropower business topped the gainers, increasing by 5.45%, followed by the investment sector at 3.06%, the hotel and tourism sector at 3.63%, and the development bank sector at 4.94%. With the exception of the finance sector, which rose more moderately at 1.85%, all gainers today surpassed the 2% mark.
Reflecting the upbeat market sentiment, the total daily turnover surged to Rs 9.1 billion, with 25,836,285 units of shares from 315 companies traded in 119,011 transactions. This marked an increase from Monday's intraday turnover of Rs 8.7 billion. Among individual shares, 234 companies advanced, while only eight declined in today's trading session. Notably, investor interest was particularly strong in Sindhu Bikash Bank Ltd. (SINDU), Barun Hydropower Co. Ltd. (BARUN), Green Development Bank Ltd. (GRDBL), Ankhu Khola Jal Vidyut Company Ltd. (AKJCL), and Mandakini Hydropower Limited (MHL), each seeing a significant 10% increase in their share prices.
Despite the overall positive market sentiment, three securities, Nepal Investment Debenture 2082, NIBL Growth Fund, and L.B.B.L. Debenture 2089, recorded a loss of 10%. The total market capitalization concluded at Rs 3.666 trillion by the end of the trading day, reflecting the buoyant market conditions observed across various sectors.
