NEPSE Soars by 20.62 Points, Reaching 2,080.12 in Tuesday Trading Session

In a bullish turn of events, the Nepal Stock Exchange (NEPSE) witnessed a significant surge on Tuesday, closing at 2,080.12 points after an increase of 20.62 points. The market day started at 2,059.49 points, and within the first one and a half hours, the index reached its peak at 2,098.02 points. However, a slight downturn occurred in the last half-hour, with the index dropping to 2,075.05 points. Notably, the market experienced a swift recovery in the remaining minutes of intraday trading.

The sensitive index, reflecting the performance of ‘A’ class companies, also showed positive momentum, rising by 5.64 points. The daily turnover demonstrated a notable uptick, increasing by approximately 31 percent to reach Rs 6.118 billion. This contrasted with Monday’s traded amount, which stood at Rs 4.675 billion.

Hydropower, manufacturing and processing, and mutual funds were the three groups that faced losses, while the remaining 10 gainers included development banks, hotels and tourism, and life insurance, contributing 206.05 points, 152.28 points, and 101.06 points, respectively.

In terms of individual companies, 165 recorded gains, and 77 faced losses during the trading session. Sonapur Minerals and Oil Limited emerged as the leader in share transactions, with shares worth Rs 214.94 million changing hands. Karnali Development Bank Limited stood out by gaining the highest, with a 10 percent increase in its market price. On the flip side, Dhaulagiri Laghubitta Bittiya Sanstha Limited experienced a decrease of 8.19 percent.

Investors and market analysts are closely monitoring these developments, anticipating further trends and market dynamics in the coming days.