The Nepal stock market rose in double digits just before Dashain holidays. On Sunday, the NEPSE index climbed by 11.51 points to reach 2,663.51.
Even though the index rose, the total trading volume was lower, reaching only NPR 293.59 crore. Many investors had already left for holiday celebrations, reducing market activity.
Experts say the rise in the NEPSE index reflects growing investor confidence. This comes after recent government efforts to improve the capital market, which seems to be reassuring investors.
Market analysts say trading volume was naturally low as it was the last day before Dashain. Tekendra Thapaliya, a market expert, said the market could gain momentum once trading resumes.
“The capital market reform committee has submitted a report to the government addressing investor concerns. Once these suggestions are implemented, investor confidence will strengthen further,” Thapaliya said.
Investors are also hopeful because important issues related to the central bank are being addressed gradually. Combined with the government’s efforts, this points to a positive trend after Dashain.
Today’s market highlights
- 314 companies traded in NEPSE
- 7,511,193 shares exchanged
- Total trading value: NPR 293.59 crore
Most sectors showed gains, except Hotel & Tourism, Other, and Trading groups. Key sector movements:
- Banking: +0.84%
- Development banks: +0.49%
- Finance: +0.10%
- Hydropower: +0.70%
- Investment: +0.14%
- Life insurance: +0.80%
- Non-life insurance: +0.32%
- Production & processing: +0.51%
- Microfinance: +0.59%
- Mutual funds: +0.96%
Declining sectors
- Hotel & Tourism: -0.15%
- Other: -0.14%
- Trading: -1.28%
Top traded companies
- Union Hydropower: NPR 24.11 crore
- Nepal Reinsurance: NPR 11+ crore
- Shivam Cement: NPR 8.18 crore
- NMB Bank (founder shares): NPR 8.13 crore
- Himalayan Reinsurance: NPR 7.78 crore
Biggest gainers and losers
- Global IME Advanced Plan 2 mutual fund hit a positive circuit, reaching NPR 9.79 per unit.
- Bhagwati Hydropower shares rose nearly 8% to NPR 941 per share.
- Union Hydropower and Nadep Microfinance also rose over 5%.
On the losing side:
- Sikles Hydropower fell 10%, hitting the negative circuit.
- Nabil Balanced Fund 2 dropped 5.6% per unit.
- Kalika Power declined 5.2%.
Investors will be watching closely how the market reacts after the holidays, with optimism boosted by government reforms and positive trends before Dashain.
