KATHMANDU, JULY 16

The Nepal Stock Exchange (NEPSE) witnessed a significant surge of 70.18 points on Tuesday, crossing the 2,300 points threshold. The NEPSE index increased by 3.13% to settle at 2,310.59 points at the end of the trading day, reaching heights not seen in recent months.

In addition to the benchmark index, the sensitive index, which gauges class 'A' stocks, rose by 3.10%, while the float index, which evaluates actively traded shares, increased by 3.32%.

Although the market was predominantly positive, with almost all sectors recording gains, one sector -Mutual Fund - recorded a loss of 0.42%. The hydropower sector led the pack of gainers with a 5.45% increase, followed by the development bank sector at 4.94%, the hotel and tourism sector at 3.63%, and the investment sector at 3.06%. All the gainers surpassed 2% today except for the finance sector, which recorded a 1.85% gain.

Reflecting the positive market sentiment, the total daily turnover surged to Rs 9.1 billion from the exchange of 25,836,285 units of shares of 315 companies in 119,011 transactions. The intraday turnover was recorded at Rs 8.7 billion on Monday.

In terms of individual shares, 234 companies advanced, while eight declined in today's market. Investors were particularly attracted to five companies: Sindhu Bikash Bank Ltd. (SINDU), Barun Hydropower Co. Ltd. (BARUN), Green Development Bank Ltd. (GRDBL), Ankhu Khola Jal Vidyut Company Ltd. (AKJCL), and Mandakini Hydropower Limited (MHL), each experiencing a 10% increase in their share values. Despite the overall positive sentiment, three securities - Nepal Investment Debenture 2082 (NIBD2082), NIBL Growth Fund (NIBLGF), and L.B.B.L. Debenture 2089 (LBBLD89) - recorded a loss of 10%.

The total market capitalization stood at Rs 3.666 trillion at the end of the trading day.