NEPSE Witnesses Dramatic Surge

On Tuesday, the Nepal Stock Exchange (NEPSE) experienced a remarkable surge, marking the third trading day of the week with notable developments. The market’s activity started with a bang as it triggered a positive circuit breaker mere moments after opening, leading to a mandated 20-minute trading halt. Shortly after resuming, another circuit breaker was activated, underscoring the fervent trading environment.

By day’s end, the NEPSE index soared by 47.04 points, reflecting a robust 2.29 percent increase that pushed the index past the 2100 mark. This bullish trend was underscored by a flurry of activity across various sectors.

Notably, 227 companies witnessed their share prices climb, contrasting with declines in 17 others. The day’s trading volume was particularly pronounced in NRN Microfinance, which dominated transactions with a staggering Rs 123.3 million, followed closely by Goodwill Finance at Rs 111 million and United Erdi Mardi with Rs 106.9 million.

Overall, market participants were engaged in 60,720 transactions involving 11.64 million shares, totaling a trading value of Rs 4.577 billion.

Analysts attribute this uptick to growing optimism surrounding potential political developments, particularly speculation of a new coalition government forming between the CPN-UML and the Nepali Congress. This political maneuvering has sparked investor confidence, contributing significantly to the day’s bullish sentiment on the NEPSE.