NEPSE Ends Losing Streak with Sudden Uptick

The Nepal Stock Exchange (NEPSE) broke its consecutive declining streak on Monday, closing with a sudden uptick at 2,073 points. The market had witnessed a slump over the past three trading days, prompting concerns among investors.

Despite the positive movement in index points, the turnover witnessed a slight dip as Rs 2.88 billion worth of shares were traded on Monday, compared to Rs 3.38 billion on Sunday. This fluctuation in turnover suggests a mixed sentiment prevailing among traders.

Of the listed companies, 148 witnessed an increase in share prices, while 85 experienced a decline. Notably, share prices for 10 companies remained stable throughout the trading session.

Among various sectors, Development Banks saw the most significant rise, with a notable increase of 1.3 percent, closely followed by the Finance sector, which observed a growth of 1 percent.

However, the Banking sector faced a setback with a decline of 37 points, accompanied by Investment (-35 points), Manufacturing (-57 points), and Non-Life insurance (-11 points).

On the other hand, several sectors saw positive movements: Trading (+14 points), Others (+6 points), Microfinance (+24 points), Life insurance (+6 points), Hydropower (+4 points), and Hotel and Tourism (+47 points). Additionally, Finance and Development Banks also experienced a notable surge of 20 and 52 points, respectively.

The sudden uptick in NEPSE index points alongside diverse movements across sectors reflects the dynamic nature of the stock market and underscores the importance of informed decision-making amidst market fluctuations. Investors and analysts are keenly observing these developments for potential opportunities and risks in the days ahead.