Nepal Stock Exchange Bounces Back with Strong Performance

The Nepal Stock Exchange (NEPSE) experienced a significant rebound on Monday, showcasing a remarkable surge of 36.57 points, equivalent to a notable 1.80% increase. The benchmark index closed the trading day at 2,059.49 points, marking a stark contrast to the preceding day’s dip, where the market faced a decline of 26.36 points.

Reflecting a broad positive trend in the market, the sensitive index, evaluating the performance of class ‘A’ stocks, rose by 1.14%. Additionally, the float index, gauging the actively traded shares, recorded a substantial gain of 1.73%.

Despite the overall positive momentum, the daily turnover experienced a considerable drop, falling to Rs 4.675 billion. This decline occurred amidst the exchange of 13,709,276 units of shares across 309 companies in 99,524 transactions, contrasting with the higher intraday turnover of Rs 5.241 billion recorded on the previous day.

The Mutual Fund index was the lone exception to the widespread positivity, facing a minimal 0.01% loss. Leading the gainers was the life insurance index, posting an impressive 3.72% increase, closely followed by the hydropower index and the Investment index, each with gains of 2.61%. The Others index and Finance Index also contributed to the positive trend, posting gains of 2.57% and 2.56%, respectively.

Among the companies, 212 witnessed an uptick in share values, with notable performers like Singati Hydo Energy Limited (SHEL), Modi Energy Limited (MEL), Trishuli Jal Vidyut Company Limited (TVCL), and Muktinath Krishi Company Limited (MKCL) experiencing a positive circuit break of 10%. On the flip side, 29 scrips witnessed a decline, while five remained unchanged.

In terms of turnover and transactions, Sonapur Minerals and Oil Limited (SONA) took the lead, with 429,578 units of its shares traded for Rs 218,482,880.80 in 5,631 transactions. Meanwhile, Nepal Infrastructure Bank Limited (NIFRA) emerged as the top company in terms of volume, with 526,393 units of its shares traded during the day.

As the market exhibited resilience, the total market capitalization settled at an impressive Rs 3.200 trillion, indicating a positive outlook for investors and stakeholders. The rebound showcased the dynamism of the Nepalese stock market, leaving market participants cautiously optimistic about future developments. Analysts are closely monitoring the evolving trends to provide insights into the factors influencing the market’s performance in the coming days.