Following the conclusion of the Third Investment Summit on Monday, the Nepal Stock Exchange (NEPSE) has witnessed a remarkable resurgence on Tuesday, buoyed by positive investor sentiment and renewed confidence in the Nepali market.
On the third day of trading, the NEPSE index surged by an impressive 25.93 points, reaching 2006.28 points, a notable increase from the previous closing of 1978.54 points. This rally reflects the optimism among investors regarding the potential for increased investments and economic growth in Nepal.
The trading activity on NEPSE also witnessed a significant uptick, with a total of 75,271 transactions involving 320 companies. During the trading session, 11,838,150 shares were bought and sold, amounting to a substantial business turnover of Rs 4.80 billion.
The strong performance of the NEPSE index and the elevated trading volume and turnover indicate a positive market sentiment following the Investment Summit. Investors are likely anticipating favorable policies and initiatives announced during the summit, which could drive economic growth and create new opportunities for businesses operating in Nepal.
Analysts attribute the market rally to the renewed confidence among investors, both domestic and foreign, in Nepal’s economic prospects and investment climate. The Investment Summit served as a platform to showcase Nepal’s potential and attract foreign direct investment (FDI), which could further bolster the country’s stock market and overall economic development.
As the Nepali government and private sector continue to collaborate and implement strategies to attract investments and foster a conducive business environment, the NEPSE’s performance is expected to remain buoyant, reflecting the growing optimism and confidence in Nepal’s economy.
Investors and market participants are closely monitoring the developments and announcements made during the Investment Summit, as well as the government’s initiatives to facilitate ease of doing business and promote sectors with high growth potential. The strong rebound in the NEPSE index suggests that investors are positioning themselves to capitalize on the emerging opportunities in Nepal’s dynamic market.
Related:
