The Nepal Stock Exchange (NEPSE) Index witnessed a notable surge, marking a 1.23% increase, or 24.39 points, closing at 1,998.89 points for the day’s trading session. This positive momentum follows a previous session’s gain of 8.26 points, indicating a steady climb in the market.
Opening at 1,979.68, the day observed fluctuations with the index hitting an intraday high of 2,000.55 before descending to an intraday low of 1,970.54. Despite the fluctuations, the market maintained a bustling trading environment, witnessing 320 stocks traded in 45,828 transactions. The volume of shares exchanged totaled 9,541,017 with a significant turnover of Rs. 3.40 Arba. Market capitalization stood at Rs. 31.69 Kharba, with a float market capitalization of Rs. 10.74 Kharba.
A highlight of the day was the Nepal Reinsurance Company Limited Promoter Share (NRICP), which recorded a turnover of Rs. 30.80 Crore, closing at a market price of Rs. 281.00, indicating strong investor interest in the stock.
On the flip side, CYC Nepal Laghubitta Bittiya Sanstha Limited (CYCL) experienced a decline, losing 5.65% to close at Rs. 1,553.00, reflecting the varied performance across different securities.
In terms of sectoral performance, while the “Banking Sub Index” led with a significant gain of 3.21%, the “Hotel and Tourism Index” witnessed a slight decline of 0.44%, suggesting mixed sentiments within the market sectors.
Overall, the NEPSE’s positive movement, highlighted by notable performers like NRICP, signifies investor confidence in the market, despite occasional dips in certain sectors.