KATHMANDU, AUGUST 12
The Nepal Stock Exchange (NEPSE) extended its upward trajectory for the second consecutive day, gaining 70.81 points or 2.47% to close above the 2,900 mark on Monday.
The index, which had risen by 94 points to surpass 2,800 on Sunday, reached 2,931.65 points by the end of the trading day.
Alongside the benchmark index, the Sensitive Index, which evaluates the performance of Class 'A' stocks, also rose by 2.10%. The Float Index, which measures actively traded shares, increased by 2.95% today.
The market was predominantly positive, with only two sectors-manufacturing and processing, and investment-declining by 1.19% and 0.19%, respectively.
Conversely, all other sectors recorded gains, with life insurance seeing the highest increase at 5.85%, followed by the finance sector with 4.81%, trading sector with 4.13%, hydropower sector with 3.43%, development bank with 3%, hotel and tourism sector with 2.94%, non-life insurance with 2.97%, and the banking sector with a 2.95% gain.
In terms of individual stock movements, 171 companies advanced, while 68 declined, and three remained unchanged. Seven scrips-SJLIC, HLI, JOSHI, RHPL, SGHC, SPL, and VLUCL-recorded a 10% increase in their share values. Despite this, Kutheli, Bukhari Small Hydropower Limited (KBSH) saw a decline of 10%.
Today's daily turnover continued to surge for the second day this week, recording Rs 27 billion from the exchange of 64,876,217 units of shares of 339 companies in 283,047 transactions.
The total market capitalization stood at Rs 4.653 trillion.
