NEPSE’s Revival: Stocks Surge, Traders Rejoice!

The Nepal Stock Exchange (NEPSE) bounced back on the second trading day of the week, regaining 13.28 points, marking a 0.67% increase to settle at 1,992.30 points by the end of today’s trading session. This positive momentum follows a 26-point dip on Sunday, which saw the index slipping below the crucial 2,000-point threshold.

In line with this recovery, the sensitive index, reflecting the performance of class ‘A’ stocks, also witnessed a 0.60% rise, while the float index, measuring actively traded shares, increased by 0.59%. Overall, today’s market displayed a predominantly positive trend, with the exception of the Finance sector, which experienced the most notable loss at 0.25%. The Mutual Fund sector followed with a 0.21% dip, while the Microfinance sector saw a marginal decrease of 0.06%.

On the flip side, the manufacturing and processing sector emerged as the top gainer, boasting a significant 2.51% increase, closely trailed by the hotels and tourism sector, which rose by 1.45%. The hydropower sector, which had been facing a downturn in recent days, made a notable recovery, gaining 1.36% after experiencing a 2.42% decline on Sunday.

Despite the positive trajectory of the benchmark index and various sub-indices, the intraday turnover continued its downward slide on Monday, recording a daily turnover of just Rs 2 billion. This came from the exchange of 5,988,717 units of shares of 314 companies in 49,940 transactions.

Among the companies, 167 witnessed advancements, 75 experienced declines, and six remained unchanged. Bottlers Nepal (Balaju) Limited (BNL) stood out with a noteworthy 10% positive gain in its share value. Conversely, Samaj Laghubitta Bittiya Sanstha Limited (SAMAJ) remained the sole company to undergo a 10% negative circuit break in terms of its share value.