The Nepal Stock Exchange (NEPSE) Index displays a notable gain of 1.43%, closing at 2,027.51 points, reflecting a positive trend in market dynamics. Following a previous session’s increase of 24.39 points, the market maintains its upward trajectory.
Amidst fluctuations, the index opened at 2,000.7, reaching an intraday high of 2,027.59 before settling at an intraday low of 1,999.14. The Securities Board’s reduction in broker commissions, alongside decreased bank interest rates for Jestha, signals proactive measures to stimulate market activity and redirect investable liquidity into the banking sector.
The trading environment remains vibrant, with 320 stocks exchanged in 59,856 transactions. Total turnover amounts to Rs. 4.08 Arba, with a market capitalization of Rs. 32.14 Kharba, further bolstering market confidence.
CEDB Hydropower Development Company Limited (CHDC) stands out as a highlight, recording a turnover of Rs. 15.81 Crore and closing at a market price of Rs. 770.00.
Similarly, positive circuits are observed in seven companies, indicating favorable investor sentiment.
Conversely, Himalaya Urja Bikas Company Limited (HURJA) experiences a decline of 4.64%, closing at Rs. 290.00.
Sector indices portray a positive outlook, with all sectors closing in the green. The “Microfinance Index” leads with a gain of 3.44%, while the “Trading Index” shows a modest gain of 0.03%.