the day's total turnover reached Rs 14.25 billion
KATHMANDU, MARCH 2
The Nepal Stock Exchange (NEPSE) witnessed a strong rally on the first trading day of the week, surging by 75.24 points, or 2.67%, to close at 2,890.28. The market showed steady growth throughout the session, with minor fluctuations.
Along with the rise in the benchmark index, the Sensitive Index, which tracks Class 'A' stocks, increased by 3.08%, while the Float Index, measuring actively traded stocks, climbed 2.87%.
The overall market was mostly positive, with all sectors recording gains except for the Mutual Fund sector, which recorded a loss of 1.27%.
Meanwhile, most other sectors saw significant gains, with the Manufacturing and Processing sector leading the pack with a 4.79% increase, followed by the Life Insurance sector at 4.31%, Finance sector at 4.28%, and the Hotel and Tourism sector at 4.14%. Similarly, the Development Bank sector recorded a 3.88% gain, the Non-Life Insurance sector rose by 3.41%, and the Investment sector climbed 3.03%, followed by the Banking sector with a 2.53% gain.
Among individual stocks, Himalayan Distillery Limited (HDL), Guardian Micro Life Insurance Limited (GMLI), and Nepal Life Insurance Co. Ltd. (NLIC) surged 10%, hitting their upper circuit limits. In contrast, despite the overall positive sentiment in the market, Samaj Laghubittya Bittiya Sanstha Limited (SAMAJ) recorded a 10% decline in its share price, hitting the lower circuit limit.
A total of 196 stocks advanced, while 44 declined, and four remained unchanged.
Along with a strong market performance, the day's total turnover reached Rs 14.25 billion, with 29,166,656 units of shares exchanged across 302 scrips in 139,596 transactions.
By the end of the trading day, the total market capitalization stood at Rs 4.799 trillion.
