During today’s trading session, the NEPSE index posted a notable gain, closing at 2,029.78 points, which marked an impressive increase of 44.34 points or 2.23% compared to the previous day’s closing. This upward momentum follows a recent surge of 16.24 points on Tuesday, contributing to a cumulative gain of 64.84 points over the last three working days. This surge has propelled the index back to the 2000 level, and the driving force behind this remarkable increase has been the notable rise in the hydropower sector.
The trading day commenced with the index opening at 1,988.71 points, hitting an intraday low of 1,988.67 points. However, it also reached an intraday high of 2,040.28 points before ultimately settling at its closing value of 2,029.78 points.
Today’s trading activities featured 278 different stocks that were traded in a total of 119,359 transactions. The volume of shares exchanged reached 11,264,309, with an overall turnover of Rs. 3.29 Arba. As a result, the market capitalization saw a significant boost, reaching Rs. 30.59 Kharba, with a float market capitalization of Rs. 10.77 Kharba.
One of the prominent performers during today’s trading was Sun Nepal Life Insurance Company Limited (SNLI), which recorded the highest turnover, totaling Rs. 20.18 crores, and closed with a market price of Rs. 470 per share.
Notably, the trading session witnessed a substantial rise in the stock prices of nearly eight hydropower companies, making them an attractive choice for many traders due to their lower-than-usual pricing.
On the downside, the NIBL Growth Fund (NIBLGF) experienced the most significant loss of 4.07% during today’s trading.
In terms of sector indices, all sectors ended the day in positive territory, with the Hydropower Index leading the way with a substantial gain of 5.31%, followed closely by the Finance Index, which saw a 4.38% increase.