Business

NEPSE gains 42 points as hotels and tourism sector lead market rally

Benchmark index closes at 2,714.81; turnover jumps to Rs 11.85 billion

By THT Online

Representative image. Courtesy: Freepik.com

KATHMANDU, JANUARY 20 The Nepal Stock Exchange (NEPSE) surged by 42.26 points, or 1.5 percent, on Tuesday to close at 2,714.81 points, extending its upward momentum amid broad-based sectoral gains. Along with the rise in the benchmark index, the Sensitive Index-which tracks the performance of Class 'A' stocks-climbed 1.70 percent. The Float Index, measuring actively traded shares, also advanced by 1.73 percent during the trading session. Sectoral performance remained uniformly positive, with all sectors closing in the green. The Hotels and Tourism sector led the rally, posting a gain of 3.36 percent, followed by the Investment sector, which rose by 2.54 percent. Other sectors also recorded moderate gains but not over 2%. Market activity strengthened significantly, with total daily turnover reaching Rs 11.85 billion. A total of 25,185,647 units of shares from 339 companies were traded through 115,181 transactions. In terms of individual stock performance, 224 scrips advanced, while 31 declined and five remained unchanged. Gurkhas Finance Ltd. (GUFL) was the only company to hit the positive circuit breaker, gaining the maximum 10 percent during the session. By the end of the trading day, total market capitalisation stood at Rs 4.558 trillion.