Nepal Stock Exchange Climbs for Third Day, Hits 2,092 Points

The Nepal Stock Exchange (Nepse) index soared for the third consecutive session, marking a substantial gain of 27.54 points to culminate at an impressive 2,092 points on Monday. The benchmark index sustained the upward trajectory witnessed on Sunday, reaching an intra-day zenith of 2,121.01 points during the early hours of trading.

Despite a modest retreat from peak levels, the index closed the session with a notable 1.33% upswing, affirming investor sentiment and market buoyancy.

A notable 135 companies observed upticks in share prices, while 107 experienced declines, with four entities maintaining status quo. The session saw four companies trigger the positive circuit, surging by an impressive 10%. Leading the charge in trading activity, Pokhara Finance Ltd commanded attention with shares worth Rs 199.29 million changing hands, closely followed by CEDB Hydropower Company Ltd and First Microfinance Laghubitta Bittiya Sanstha Ltd, boasting turnovers of Rs 188.98 million and Rs 134.89 million, respectively.

Diverse trading groups experienced mixed fortunes, with eight registering gains and five grappling with losses. Notably, the Banking sub-index emerged as a frontrunner, notching up a substantial gain of 4.18 points. Conversely, the Microfinance sub-index faced a downturn, witnessing a 0.65% decline.

In a testament to robust market activity, trades worth Rs 5.85 billion transpired on the bourse, marking the highest volume since January 22. This surge propelled the total market capitalization to an impressive Rs 3.31 trillion, underlining the resounding confidence in Nepal’s economic landscape.