Kathmandu, March 24
The Nepal Stock Exchange (NEPSE) rebounded on Monday after six consecutive days of decline.
The NEPSE index increased by 30.52 points (1.16%), reaching 2,645 points. Although the market saw some initial decline, dropping to 2,593 points at 11:19 AM, it gained momentum and maintained an upward trajectory until closing.
The market had been declining for six consecutive trading sessions since March 16. Before that, the downward trend began on March 2, with a brief rise on March 11.
Despite the rise in the index, the total trading volume decreased. Monday’s turnover stood at Rs 4.48 billion, down from Rs 6.32 billion on the previous trading day. A total of 210 companies saw price increases, while 33 companies declined.
All sector indices posted gains. The finance sector recorded the highest increase of 3.75%, followed by banking at 0.92%, development banks at 0.78%, hotels and tourism at 1.16%, hydropower at 1.00%, investment at 0.95%, life insurance at 1.64%, manufacturing at 0.80%, microfinance at 0.90%, non-life insurance at 0.61%, others at 1.91%, and trading at 1.55%.
Guardian Micro Life Insurance surged 9.29%, leading the market. Other top gainers included Pokhara Finance (7.47%), Samriddhi Finance (6.30%), Swetganga Hydropower (5.64%), and Reliance Finance (5.22%).
Top losers included Upper Hewakhola Hydropower, which fell 4.92%, Narayani Development Bank at 4.05%, and United Modi Hydro at 2.90%.
Based on trading volume, the top five companies were Himalayan Reinsurance, CHDC, Nepal Reinsurance, Guardian Micro Life Insurance, and Sindhu Development Bank.
