NEPSE Bounces Back: 199 Companies See Positive Gains!

The Nepal Stock Exchange (Nepse) witnessed a remarkable rebound, with the index surging by 15.33 points, concluding the session at 2,101.16 points on Monday. After enduring a four-day losing streak, the benchmark Nepse index reversed its course from Sunday’s downturn, where it experienced a loss of 10.5 points.

Despite a subdued market atmosphere for a considerable part of the session, a shift in momentum occurred after the first hour, propelling the market to register gains throughout the day, ultimately closing 0.73% higher.

The positive trajectory was further highlighted by the impressive performance of 199 companies, whose share prices advanced, while only 45 saw declines, and four remained unchanged. Notably, five companies saw their share prices hit the positive circuit of 10% during the session. Himalayan Reinsurance Company Ltd emerged as the top performer, witnessing shares worth Rs 230.23 million traded on the bourse. Following closely were NRN Infrastructure and Development Ltd and NIC Asia Ltd, with turnovers of Rs 163.02 million and Rs 137.74 million, respectively.

Across trading groups, all sub-indices, except one, recorded gains. The Manufacturing & Processing sub-index led the charge with a substantial increase of 2.22%, followed by the Hydropower and Non-life Insurance sub-indices, which rose by 1.83% and 1.7%, respectively. Only the Other sub-index experienced a marginal loss of 0.05%.

Monday’s trading activity was marked by transactions worth Rs 3.58 billion, executed through 75,105 transactions. As a result, the total market capitalization surged to Rs 3.30 trillion, reflecting the renewed investor confidence and the overall resilience of the Nepalese stock market.