NEPSE Surges by 26.53 Points as Banking Sector Leads Market Rally

On Sunday, the first trading day of the week, the Nepal Stock Exchange (NEPSE) index witnessed a notable rise of 26.53 points (1.02%), closing at 2,622 points. The share prices of 185 companies increased, while 63 companies saw a decline.

The total transaction amount reached Rs. 7.12 billion for the day. The banking sector saw the highest growth of 2%, contributing significantly to the positive movement in the NEPSE index. Other sectors that posted gains included development banks (1.61%), microfinance (1.58%), others (1.35%), life insurance (0.82%), finance (0.64%), hydropower (0.54%), investment (0.32%), non-life insurance (0.42%), trading (0.27%), and hotel & tourism (0.09%).

The only sector that declined was manufacturing and processing, which dropped by 0.56%. Among the top gainers, Saptakoshi Development Bank’s share price surged by 10%, followed by Bindhyabasini Hydropower (8.97%), Green Ventures (6.95%), and Trishuli Hydropower Company (5.92%).

On the other hand, Joshi Hydropower recorded the largest loss, with a drop of 5.57%. Other losers included Unilever Nepal (3.49%), Panchakanya Mai Hydropower (3.20%), Pure Energy (3.19%), and Butwal Power Company (3.03%).

The top five companies in terms of trading volume were Sahas Urja, Butwal Power, Union Hydropower, Ngadi Group, and Radhi Power Company.

The total market capitalization stood at Rs. 4.369 trillion. Overall, the market showed positive momentum, with increased investor confidence.