KATHMANDU, AUGUST 11
The Nepal Stock Exchange (NEPSE) index crossed the 2,800-point threshold on Sunday, experiencing a surge of 94.53 points or 3.41% on the first trading day of the week. The index settled at 2,860.91 points by the end of the last trading bell.
Along with the benchmark index's rise, the sensitive index, which gauges the performance of class 'A' stocks, increased by 3.76%. Meanwhile, the float index, which evaluates actively traded shares, rose by 3.53%.
The market was predominantly positive, with all sectors recording gains. The life insurance sector led the way with a 4.55% gain, followed by the microfinance sector at 4.40% and the investment sector at 4.12%. Similarly, the hydropower sector recorded a 3.93% increase, the finance sector 3.48%, non-life insurance 3.45%, banking sector 3.35%, and development bank sector 2.58%.
In terms of individual stock movement, 225 companies advanced, 15 declined, and two remained unchanged. Notably, nine companies - NHPC, NMLBBL, HIDCL, KKHC, AKJCL, UPPER, SPL, ANLB, and MSHL - recorded a 10% increase in their share values. Despite the overall positivity, Kutheli Bukhari Small Hydropower Limited (KBSH) saw a 10% decline in its share value.
The market recorded a significant daily turnover of Rs 25.7 billion from the exchange of 60,321,323 shares of 330 companies in 265,207 transactions. This marks an increase from the Rs 20 billion daily turnover recorded last Thursday.
The total market capitalization stood at Rs 4.541 trillion.
