Kathmandu: In a remarkable turn of events, the Nepal Stock Exchange (NEPSE) recorded a substantial increase of 75.33 points on Tuesday, closing at 2,488.09 points.
The day commenced with NEPSE opening at 2,412.76 points, briefly dipping to a low of 2,470.47 points within the first 15 minutes of trading. However, the index displayed a robust recovery throughout the trading session, culminating in a noteworthy 3.02 percent increase by the end of the day.
The sensitive index, which gauges the performance of ‘A’ class companies, also demonstrated a commendable rise, advancing by 10.40 points. Market activity saw a surge in daily turnover, rising from Rs 13.91 billion on Monday to Rs 14.11 billion.
All 13 market groups experienced gains in their market values, with non-life insurance leading the charge with an impressive addition of 525.07 points. Other sectors such as life insurance, manufacturing and processing, hotels and tourism, trading, development banks, and hydropower also contributed significantly with triple-digit gains.
Among individual stocks, 220 companies registered gains while only 20 reported losses. Notably, Shivam Cements Ltd emerged with the highest turnover, recording transactions worth Rs 246.92 million.
Five companies, including Bottlers Nepal (Balaju) Limited, Samriddhi Finance Company Limited, Mandu Hydropower Limited, Hathway Investment Nepal Limited, and Nepal Warehousing Company Limited, saw their market values surge by 10 percent, reflecting strong investor confidence in these entities. Conversely, Ganapati Laghubitta Bittiya Sanstha Limited experienced the highest decline in market price, falling by 5.83 percent.
The bullish performance of NEPSE today underscores renewed investor optimism and positive market sentiment amidst ongoing economic developments.