NEPSE Witnesses Impressive Surge

The Nepal Stock Exchange (NEPSE) experienced a significant uptick, closing at an impressive 2,120.62 points on Sunday. This surge, amounting to a gain of 31.62 points, highlights the positive momentum in the Nepalese stock market.

The sensitive index also posted noteworthy gains, closing at 388.17 points after a surge of 4.02 points, further reinforcing the overall bullish sentiment.

Trading activities remained robust, with a substantial volume of 16,605,234-unit shares from 314 companies changing hands, totaling an impressive Rs 5.45 billion.

Several companies stood out as top gainers, including Himalayan Power Partner Ltd, Kalika Power Company Ltd, Terhathum Power Company Limited, Madhya Bhotekoshi Jalavidyut Company Limited, and Mathillo Mailun Khola Jalvidhyut Limited. These companies witnessed a remarkable surge of 10.00 percent in their stock prices, contributing significantly to the overall market optimism.

However, it wasn’t all positive news, as Mega Mutual Fund-1 emerged as the top loser of the day, experiencing a notable decline of 9.53 percent in its stock price.

At the close of the trading day, the total market capitalization reached an impressive Rs 1.15 trillion, reflecting the collective value of all listed companies. This surge in market capitalization underscores the growing investor confidence and the overall health of the Nepalese stock market.

Investors and market analysts are closely watching these developments, with the recent surge sparking optimism and discussions about the future trajectory of the NEPSE. As the market continues to evolve, stakeholders are keenly anticipating further updates and trends in the coming days.