NEPSE Soars by Nearly 81 Points, Hits Yearly High

Nepal’s stock market witnessed a significant rally on Tuesday as the NEPSE index surged by 80.97 points, closing at 2,973.70, its highest level since Saun 30 last year, when it last touched the 3,000 mark.

The upward momentum was consistent throughout the trading session, with a sharp rise in transaction volume. The total turnover reached Rs 20.08 billion, up from Rs 16.32 billion the previous day.

According to market data, 236 companies saw their share prices rise, while only 14 recorded a decline. Notably, the Manufacturing & Processing, Life Insurance, and Microfinance sectors led the gains, each posting over 4% growth.

Three companies hit the upper circuit with a 10% surge, newly listed Trade Tower and Sanvi Energy, along with Shivam Cement. Other strong performers included Unnati Sahakarya Microfinance, Bindhyabasini Hydropower, and Sonapur Cement.

On the downside, Bottlers Nepal Balaju, Green Development Bank, and Panchakanya Mai Hydropower recorded slight losses.

The top five companies in terms of trading volume were Nepal Reinsurance, Shivam Cement, Himalayan Reinsurance, Butwal Power Company, and Ngadi Group.

With the recent surge, the market capitalization reached a record high of Rs 4.962 trillion, marking a historic milestone. Analysts anticipate continued momentum, potentially pushing the NEPSE index beyond the 3,000-point mark in the coming days.