The Nepal Stock Exchange (NEPSE) witnessed a significant rise on Sunday, with the index climbing 8.2 points to close at 1974. This upward momentum was fueled by strong investor sentiment and active trading, with a total turnover of Rs. 3.15 billion.
During the trading session, 127 companies saw their share prices increase, while 111 companies experienced a decline, and 7 remained stable. The market’s positive performance was reflected across various sectors, with some notable exceptions.
The non-life insurance group emerged as the top performer, with its index surging by an impressive 2.6 percent. This sector’s strong performance can be attributed to investors’ confidence in the industry’s growth prospects and favorable market conditions.
The banking sector also contributed to the market’s overall gains, with its index rising by 4 points. Development banks and hydropower companies followed suit, with their indices increasing by 42 and 3 points, respectively.
Other sectors that witnessed positive momentum included life insurance (up 122 points), others (up 11 points), business (up 31 points), and production groups (up 93 points).
However, not all sectors shared in the market’s bullish sentiment. The finance, hotel and tourism, and microfinance sectors experienced declines, with their respective indices decreasing by 18, 126, and 57 points.
The broad-based rally in the Nepali stock market is a testament to the resilience and potential of the country’s economy. As investors remain optimistic about future growth prospects, the NEPSE index is poised to continue its upward trajectory, attracting both domestic and international investors.
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