Nepal Stock Exchange Sees Double-Digit Surge, NEPSE Index Crosses 2950 Mark

Kathmandu. An encouraging rise was observed in the stock market on Tuesday as well. With the NEPSE index improving by double digits today, the market has crossed the 2950 mark. The NEPSE index increased by 20.70 points today to close at 2957.26 points. Although there were some fluctuations as the market opened, the market concluded on a positive note in the final hours. 

Along with the market index, the transaction volume was also significant. Through 125,000 transactions throughout the day, 3 crore 54 lakh shares of 341 companies were bought and sold, resulting in a total transaction value of 14 billion 58 crore 67 lakh rupees. 

Today, the share prices of a total of 116 companies increased, while the prices of 135 companies decreased. Similarly, the price of 13 companies remained stable.
Today, three companies' share prices hit a positive circuit of 10 percent. 

Investors in Vishal Bazaar Company, Salpa Development Bank, and Reliance Spinning Mills earned a 10 percent profit. Furthermore, the prices of Soaltee Hotel, Himalayan Power Partner, Bhujung Hydropower, Hotel Forest Inn, Vishal Bazaar Company, and Sindhu Development Bank also rose close to 10 percent. First Microfinance saw the largest decline, with its price dropping by 6.56 percent. 

Looking at sector-wise performance, the Trading group showed an improvement of 9.12 percent today. The Development Bank and Hydropower groups also saw an increase of more than one percent. The Hotel, Life Insurance, Microfinance, Non-Life Insurance, and Other groups experienced a decline today. 

In terms of transaction value, Radhi Electricity Company ranked first today. More than 66 crore 94 lakh rupees worth of its shares were traded. Following that, Api Power with 57 crore 55 lakh rupees and HIDCL Promoter Share with 44 crore 97 lakh rupees in transactions ranked second and third, respectively.