![Nepal Stock Market Sees Last-Minute Surge! (Microfinance Leads Gains) 1 Nepal Stock Market Sees Last-Minute Surge! (Microfinance Leads Gains)](https://nep123.com/wp-content/uploads/2024/05/Nepal-Stock-Market-Sees-LastMinute-Surge-Microfinance-Leads-Gains.png)
The Nepal Stock Exchange (NEPSE) index staged a dramatic comeback on Tuesday, closing with a slight gain of 2 points despite a sluggish trading session.
NEPSE Swings During the Day, Microfinance Shines
The market witnessed significant volatility throughout the day. NEPSE, which stood at 1958 points on Monday, initially struggled, even reaching highs of 1970 points during afternoon fluctuations. However, a last-minute rally pushed the index to close at 1960 points.
While the overall gain was modest, specific sectors like microfinance outperformed. The microfinance group surged by a noteworthy 2.43%, highlighting investor interest in the sector.
Turnover Declines, But Certain Stocks Shine
Despite the positive closing, the total trading value (turnover) saw a decrease. The trading volume dropped from Rs. 2.89 billion on Monday to Rs. 2.14 billion on Tuesday.
However, individual company performances remained dynamic. While 114 companies saw their share prices decline and 11 remained unchanged, a total of 120 companies experienced growth.
Top Gainers and Losers: Microfinance Leads, Bottlers Nepal Tarai Falls
Himalayan Microfinance emerged as the biggest gainer of the day, with its share price soaring by an impressive 10%. Several other microfinance companies followed suit, including Infinity Microfinance (up 8.4%), Samata Microfinance (up 7.4%), Sabaiko Laghubitta Bittiya Sanstha (up 7%), Aarambha Chautari Laghubitta Bittiya Sanstha (up 6.5%), and Sadhuna Laghubitta Bittiya Sanstha (up 6.1%).
On the flip side, Bottlers Nepal Tarai witnessed the steepest decline, with its share price dropping by 6.2%. Other notable losers included CYC Lagubitta Bittiya Sanstha (down 5.9%), Mountain Hydro Nepal Limited (down 5.8%), Dolti Power Limited (down 5.12%), and Nepal Finance Limited (down 3.85%).
Top Traded Stocks: Pokhara Finance Leads the Pack
In terms of trading volume, Pokhara Finance Limited emerged as the most actively traded company. RSDC Laghubitta Bittiya Sanstha, Himalayan Microfinance Limited, Himalayan Reinsurance Company Limited, and Nepal Finance Limited followed closely behind.
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