Nepal Stock Exchange Continues Winning Streak with 4th Consecutive Session Gain

Despite facing initial challenges during the first trading day of the week, witnessing a dip to an intra-day low of 1951.78 points, the market showcased remarkable recovery as the day unfolded. Ultimately, Nepse closed the day 1.39% higher, indicating the market’s robust performance.

A total of 185 scrips saw an increase in unit prices, while 52 experienced a decline, and four remained unchanged. Notably, 11 companies saw their share prices hitting the positive circuit of 10%, highlighting the positive sentiment prevailing among investors. Himal Dolakha Hydropower Company Ltd took the lead in terms of turnover, with shares worth Rs 251.29 million traded. Following closely were Sonapur Oil and Minerals Ltd and Reliable Nepal Life Insurance Company Ltd, with turnovers of Rs 166.55 million and Rs 161.54 million, respectively.

Within trading groups, three sub-indices experienced a nominal loss, whereas all other sub-indices demonstrated gains. The Hydropower sub-index led the pack with an impressive 5.55% increase, followed by the Investment and Development Bank sub-indices, which saw gains of 3.12% and 2.65%, respectively.

The total turnover on the floors of Nepse on Sunday amounted to Rs 5.15 billion, marking a significant milestone. This is the first instance since July 2 that daily turnovers have surpassed the five-million-rupees mark when securities worth Rs 5.01 billion changed hands, reflecting a resurgence in market activity. Investors are keenly observing the sustained positive momentum in the Nepse index, indicative of a buoyant market sentiment.