Kathmandu: The Nepal Stock Exchange (NEPSE) closed today with a notable gain of 113.42 points, or 4.41%, reaching 2,681.56 points. The market experienced two trading halts due to significant upward movements, reflecting strong investor sentiment.
The trading session saw a 4% increase, triggering the first circuit break shortly after the market opened. After a 20-minute halt, trading resumed and surged an additional 1%, leading to a second halt for 40 minutes. Despite fluctuations, the index climbed steadily, closing higher by the end of the day.
Sector performance was predominantly positive, with the banking sector leading gains at 9.89%, followed by significant increases in investment, development bank, and life insurance sectors. The microfinance sector was the only one to record a loss.
The surge in the market is attributed to the Nepal Rastra Bank’s new monetary policy, which removed the Rs 200 million limit on share mortgage loans for institutional investors, enhancing market liquidity and investor confidence. The daily turnover reached Rs 15.81 billion, a significant rise from the previous day’s Rs 14 billion, with 40,314,517 units of shares traded.
Individual stocks also saw notable movements, with Kumari Bank Limited leading in both turnover and volume. Overall, today’s trading reflected strong positive sentiment, driven by favorable regulatory changes and robust market dynamics.