NEPSE Soars by 2.26%

The Nepal Stock Exchange (NEPSE) saw a remarkable uptick of 2.26% on Sunday, the first trading day of the week. The NEPSE index surged by 45.69 points, closing at 2064 points, indicating a robust start to the trading week.

The trading volume also experienced a substantial increase, rising from Rs. 4.23 billion in the previous session to Rs. 5.25 billion on Sunday. This spike in trading activity highlights growing investor confidence in the market.

All sectoral indices displayed upward trends, contributing to the overall market optimism. The life insurance sector led the gains with a 4.38% increase, followed by non-life insurance at 3.81%, the “others” category at 2.76%, and the banking sector at 2.63%.

Microfinance companies were standout performers, with share prices of four firms—Atmanirbhar Microfinance, Samudayik Microfinance, Sabaiko Microfinance, and Nerude Mirmire Microfinance—each soaring by 10%. Additionally, Himalayan Microfinance, Mountain Hydro Nepal, Ruru Hydropower, Riverfalls Power, and NIC Asia Bank posted impressive gains of 8.4%, 7.9%, 7.4%, 7.1%, and 6.9% respectively.

However, not all stocks followed the upward trend. Mandu Hydropower saw its share price drop by 10%. Other companies facing declines included Peoples Power (down 7.7%), Barahi Hydropower (down 6.3%), Gurans Microfinance (down 5.2%), and Dolta Power (down 3.9%).