NEPSE Witnesses Surge in Trading Volume Ahead of Budget Announcement

In anticipation of the upcoming budget announcement, the Nepal Stock Exchange (NEPSE) experienced a flurry of activity in its final minutes of trading on Monday, culminating in a trading volume nearing Rs 4 billion.

NEPSE concluded the day with a notable increase, climbing by 2.93 points to reach 2113.17 points.

The trading landscape reflected robust activity, with approximately Rs 3.89 billion worth of shares exchanged in 58,483 transactions, involving 9,330,295 shares.

Of the 317 companies whose shares were traded, 149 witnessed an uptick in share prices, while 90 saw a decline, with 8 maintaining stability.

The float index edged up by 0.07 points, indicating positive market sentiment. However, the sensitive index experienced a slight dip, decreasing by 0.30 points, mirrored by a 0.08-point drop in the sensitive float index.

The production sector emerged as a significant gainer, registering a substantial increase of 50.72 points in its sub-index.

Among the 13 sectoral indices, share prices soared in 10 sectors, while 3 experienced declines.

Notable market movers included Muktinath Agricultural Company, Nepal Warehousing Company, and Kalinchowk Darshan Company, which hit the positive circuit limit, each recording a 10% increase in share prices.

Conversely, Buddhabhumi Nepal Hydropower Company faced a downturn, hitting the negative circuit limit with a 10% decrease in share value.