NEPSE Index Surges 2.56%, Marks Highest Level in 1.5 Months with Robust Turnover

NEPSE Index Surges 2.56%, Marks Highest Level in 1.5 Months with Robust Turnover

The Nepal Stock Exchange (NEPSE) Index demonstrated a substantial gain of 47.75 points, equivalent to 2.56%, compared to the previous day’s closing, reaching a closing figure of 1,907.95 points. The preceding trading day had already seen a gain of 9.87 points for the index. Notably, this marks the highest index level recorded by NEPSE in the last 1.5 months.

Commencing trading at 1859.24, the index experienced an intraday low of 1,852.67 and reached an intraday high of 1,908.19. The trading session witnessed active participation, with 294 different stocks being traded in 66,516 transactions. The total turnover for the day amounted to Rs. 2.01 arba, involving the trading of 6,530,643 shares. The market exhibited a float market capitalization of Rs. 10.26 Kharba, leading to an overall market capitalization of Rs. 29.41 Kharba. This turnover figure represents the highest recorded in the last two months.

Sonapur Minerals And Oil Limited (SONA) led the day in terms of turnover, closing at a market price of Rs. 293.30 with a turnover of Rs. 11.66 crores.

The day’s highest gainers included Chhyangdi Hydropower Ltd. (CHL) and Bhagawati Hydropower Development Company Limited (BGWT), both recording a significant increase of 10%. Vijaya Laghubitta Bittiya Sanstha Ltd. (VLBS) closely followed with a gain of 9.99%. Conversely, Infinity Laghubitta Bittiya Sanstha Limited (ILBS) and NMB Sulav Investment Fund – 2 (NSIF2) experienced the day’s biggest losses, both declining by 2.47%.

Remarkably, all sector indexes closed in positive territory, with “Life Insurance” leading the gains at 4.44%, while “Mutual Fund” recorded the least gain at 1.41%.

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