Kathmandu, July 31
On Wednesday, Nepal’s stock market reached a historic milestone with a record-breaking transaction volume. The total value of shares traded amounted to Rs 21.91 billion, surpassing the previous high of Rs 21.53 billion set on August 15, 2021, during the last bull phase.
The new record comes after three years, highlighting a significant recovery and growth in the market. The NEPSE index saw a substantial rise of 64.25 points, closing at 2760.90 points.
Out of the listed companies, 191 saw an increase in their stock prices, while 44 experienced a decline, and 7 remained unchanged. All sector indices showed positive growth: banking increased by 1 per cent, development banking by 3.2 per cent, finance by 8 per cent, hotels and tourism by 2.9 per cent, hydropower by 2.1 per cent, investment by 6.8 per cent, life insurance by 2.1 per cent, manufacturing by 1.8 per cent, microfinance by 0.63 per cent, non-life insurance by 1.87 per cent, others by 3.9 per cent, and the trading group by 2.7 per cent. Notably, the hotel and tourism sector index reached an all-time high.
On the day, the prices of 14 companies surged by 10 per cent. The top gainers included United Ajood Insurance, Gorkhas Finance, Sri Investment Finance, Reliance Finance, Divyashwori Hydropower, Makar Jit Maya Suri, Nepal Republic Media, Kutheli Bukeri Small Hydropower, Nepal Warehousing, Progressive Finance, Oriental Hotel, Samriddhi Finance, Multipurpose Finance, and First Microfinance, with price increases ranging from 9.9 per cent to 10 per cent.
Conversely, the prices of Aatma Nirbhar Microfinance, Upakar Microfinance, and Asian Hydropower fell by 6.5 per cent, 5 per cent, and 4 per cent respectively. In terms of transaction volumes, Himalayan Reinsurance, Mountain Energy, Shivam Cement, Nepal Finance, and Api Power were the leading companies.
