NEPSE Continues Uptrend, Index Rises by 21.62 Points

On Tuesday, the Nepal Stock Exchange (NEPSE) index rose again, marking gains for the third trading day of the week.

Following a modest increase on Monday, the market continued its upward trend on Tuesday. On this day, the NEPSE index increased by 21.62 points, closing at 2,638.60. Similarly, the Sensitive Index rose by 2.31 points, the Float Index by 1.40 points, and the Sensitive Float Index by 0.90 points.

Although the index increased, trading volume declined. On Monday, shares worth NPR 513 million were traded, while on Tuesday, 328 stocks were traded 49,093 times, amounting to NPR 423.24 million for 936,400 shares.

Salpa Development Bank shares again hit the positive circuit limit on Tuesday, rising by NPR 43.90 to close at NPR 483.10. Similarly, Reliance Spinning Mills and Himalayan Power Partner shares rose by more than 9 percent, and Sagar Distillery shares increased by about 9 percent. Stocks that declined had a drop of less than 4 percent.

Based on turnover, SY Panel Nepal ranked first with shares worth NPR 377.2 million traded. Ankhu Khola Hydropower saw over NPR 245 million worth of shares traded, while Radhi Power Company exceeded NPR 160 million in trading.

All 13 subsector indices recorded gains, with the Hotel and Tourism subsector leading with a 2.02 percent rise. Development banks, hydropower, production and processing, and trading subsector indices also rose by more than 1 percent.