Nepal Stock Market Sees Significant Gains Following Finance Minister's Remarks

Kathmandu. The Nepal stock market, which had been on a downward trend for some time, showed signs of enthusiasm on Monday. 

The market reacted positively following optimistic remarks from Finance Minister Swarnim Wagle regarding the stock market. Minister Wagle held discussions with the Stock Brokers Association and other stakeholders today regarding the market's status. 

The Nepal Stock Exchange (NEPSE) index closed at 2760.02 points, rising by 83.33 points today. The index began climbing as soon as the market opened and maintained its momentum until the close. 

Despite the rise in the index, the total turnover decreased today. A total of 10.92 billion rupees worth of shares were traded throughout the day, signaling the active participation of large investors. A total of 25.1 million shares were traded across 124,000 transactions.

In today's market, the share prices of 264 companies increased, with 5 companies hitting a 10 percent positive circuit. Companies hitting the circuit include Upakar Laghubitta, Bhujung Hydropower, Ridi Power, and National Hydro, while the price of Super Khudi Hydropower rose by 9.99 percent.

Reliance Spinning Mills topped the list in terms of turnover today, with over 1.13 billion rupees worth of shares traded. Himalayan Reinsurance and NRN Infrastructure also remained at the forefront with turnovers of 549.2 million and 481.9 million rupees, respectively.

Of the total companies traded today, the prices of only 3 companies declined, while the price of 1 company remained stable. The share prices of Reliance Spinning Mills, Bhagawati Hydropower, and Narayani Development Bank fell today.