Kathmandu, July 28
On Sunday, the stock market experienced a significant rise, with the NEPSE index climbing by 113 points to settle at 2681 points. This increase was marked by two instances where the circuit breaker was triggered during trading hours, although the market stabilised after the second interruption.
The NEPSE index surged by 4 per cent within the first minute of market opening, causing the first circuit breaker to activate. After a 20-minute pause, the market resumed trading, and within another minute, the index rose by an additional 1 per cent, leading to the second circuit breaker.
At the time of the second circuit breaker, the NEPSE index had increased by 129 points to reach 2697. However, when the market reopened 40 minutes later, a sudden increase in selling pressure prevented a third circuit breaker from being triggered.
By 12:02 pm, the NEPSE had reached its highest point of the day at 2708. Except for microfinance, all sector indices saw an increase. Microfinance, on the other hand, fell by 10 points (0.18 per cent).
The banking sector led the gains with a 9.89 per cent rise. Other sectors also saw notable increases: development banks rose by 4.8 per cent, finance companies by 1.2 per cent, hotels and tourism by 0.46 per cent, hydropower by 0.83 per cent, investment by 5.75 per cent, life insurance by 4.24 per cent, manufacturing by 1.72 per cent, non-life insurance by 2.68 per cent, others by 3.19 per cent, and trading by 2.62 per cent.
Among commercial banks, the prices of 18 banks, excluding Standard Chartered, increased by 10 per cent. Standard Chartered’s price rose by 8.3 per cent.
