Nepal Stock Exchange Surges 23.94 Points, Closing at 2,115.94

The Nepal Stock Exchange (NEPSE) witnessed a notable surge of 23.94 points on Tuesday, closing at 2,115.94 points. This marks a positive trend in the secondary market, which has been climbing steadily since the beginning of the week. Over the past three trading days, NEPSE has soared by approximately 70 points.

The market opened at 2,092.00 points and experienced a dip to the day’s low of 2,081.51 points within the first half-hour of trading. However, it quickly rebounded, reaching the day’s high of 2,118.34 points with just an hour remaining before closing. The market saw a minor slip of around three points before finalizing for the day.

The sensitive index, which tracks the performance of ‘A’ class companies, also saw an uptick, increasing by 3.53 points. Despite the overall positive movement, the daily turnover fell to Rs 5.20 billion, down from Rs 5.85 billion on Monday.

Out of the 13 groups, two – including ‘trading’ and development bank – recorded losses. The finance group led the gainers, adding a substantial 75.15 points.

In terms of individual company performance, 194 companies were gainers, while 43 registered losses. Pokhara Finance Ltd emerged with the highest turnover, with shares worth Rs 246.47 million changing hands. Janaki Finance Company Limited was the top gainer, whereas Shine Resunga Development Bank saw the highest loss, with its market price dropping by 4.28 percent.