Stock Market Sees Significant Improvement

Kathmandu. On the first trading day of the week, the Nepal Stock Exchange (NEPSE) index saw a significant improvement. On Monday, the NEPSE index increased by 1.55 percent, or 41.70 points, to close at 2719.24 points.

Today, shares of a total of 343 companies were bought and sold, with 1 crore 22 lakh shares worth Rs 5 arba 51 crore 26 lakh being traded.

The market appeared very encouraging today. The share price of 239 out of the total listed companies increased, while the price of only 32 companies decreased. The price of 5 companies showed no change.

The top gainer today was Everest Colour Limited, whose share price increased by 14.97 percent to Rs 372.40 per share. Similarly, the prices of Reshlin Energy and Shree Nagar Agro Industries increased by 14.64 percent and 10.95 percent, respectively.

In terms of trading volume, Aakhukhola Hydropower Company was at the top today. Shares worth Rs 29 crore 15 lakh 52 thousand of this company were traded. Reliance Spinning Mills and Ridi Hydropower were in second and third place, respectively.

The market rose after Prime Minister Balendra Shah met with stakeholders related to the capital market. On the previous day, last Friday, the market had increased by 79.74 points in a single day. Accordingly, the market has achieved a recovery of 121 points in just 2 days.