KATHMANDU, MARCH 12
The Nepal Stock Exchange (NEPSE) witnessed a significant surge on Tuesday, with the market rallying by 58.58 points, marking a substantial 2.85% increase and surpassing the 2,100-point mark to settle at 2,111.24 points by the day's close.
This surge followed the reopening of the market after Monday's public holiday, observed for Gyalpo Lhosar, and maintained the positive momentum witnessed on Sunday, which saw a 22-point rise.
Accompanying this uptrend, both the sensitive index, evaluating 'A' class stocks, and the float index, measuring actively traded shares, saw impressive gains of 2.90% and 3%, respectively.
The market displayed an overwhelmingly positive sentiment today, with the Life Insurance sector leading the pack with a robust 5.44% increase, closely trailed by the Microfinance sector at 5.05%. Banking, Hotels and Tourism, and Non-Life Insurance sectors also recorded gains exceeding 3%.
Moreover, the daily turnover reflected the market's buoyancy, reaching Rs 4.5 billion through the exchange of 10,609,597 units of shares across 305 companies in 82,746 transactions. This marks a substantial uptick from Sunday's turnover of just Rs 2.9 billion.
Continuing the market's upward trajectory, 220 companies advanced, while only 22 declined, and four remained unchanged. Notably, five companies, including Janautthan Samudayic Laghubitta Bittiya Sanstha Limited (JSLBB), Unnati Sahakarya Laghubitta Bittiya Sanstha Limited (USLB), Wean Nepal Laghubitta Bittiya Sanstha Limited (WNLB), Swabhimaan Laghubitta Bittiya Sanstha Limited (SMFBS), and Jalpa Samudayik Laghubitta Bittiya Santhal Limited (JALPA), experienced a positive circuit break of 10% in their share prices.
In terms of turnover and volume, Shivam Cements Ltd (SHIVM) retained its top position with turnovers worth Rs 371,933,786.00 and a volume of 673,706 shares, while Sonapur Minerals and Oil Limited (SONA) led in transactions with 4,291.
The total market capitalization now stands at an impressive Rs 3.318 trillion.
