Nepse Shines Bright: 54.54-Point Surge

The Nepal Stock Exchange (NEPSE) witnessed a robust surge on Tuesday, with the benchmark index surging by an impressive 54.54 points, marking a significant 2.57% increase and settling at 2,175.17 points by the close of the trading day.

Tuesday’s trading activity showcased an impressive intra-day turnover, surpassing the Rs 8 billion mark, highlighting the growing confidence and enthusiasm in the market. This surge came on the heels of a public holiday on Monday, injecting additional vitality into the stock exchange.

Building on the momentum from Sunday, where the benchmark index had already seen a substantial uptick of 31.62 points, Tuesday’s trading witnessed a meteoric rise, reflecting the market’s resilience and positive sentiment.

In tandem with the overall index, the sensitive index, assessing the performance of class ‘A’ stocks, reflected a substantial uptick of 2.38%, while the float index, gauging actively traded shares, posted a gain of 2.72%, signaling broad-based market participation.

The day’s trading volume recorded a significant Rs 8.023 billion turnover, involving the exchange of 23,370,053 units of shares from 304 companies through 133,061 transactions, underscoring the heightened activity and interest in the stock market.

Investor interest was prominently focused on the finance sector, leading the pack of gainers with a notable 4.75% increase. Following closely were the investment index with a 3.70% rise and sustained enthusiasm in the hydropower sector, experiencing a 3.51% increase, reflecting the diverse opportunities driving the market surge.

A total of 214 companies witnessed an upward trajectory, while 31 declined, and two remained unchanged. Notably, five companies – United Modi Hydropower Limited (UMHL), Himalayan Power Partner Limited (HPPL), NRN Infrastructures and Development Limited (NRN), Nepal Warehousing Company Limited (NWCL) – hit a positive circuit break of 10%, adding to the overall positive market sentiment.

Sonapur Minerals and Oil Limited (SONA) emerged as the top company in terms of turnover (Rs 283,155,802.40) and transactions (4,795). However, Himal Dolakha Hydropower Company Limited (HDHPC) led in terms of shares traded, with 1,150,134 units changing hands.

The Nepal Stock Exchange’s remarkable surge reflects a growing investor confidence and a positive outlook for the country’s economic prospects, underlining the resilience and strength of the Nepalese capital market.