The Nepal Stock Exchange (NEPSE) witnessed a strong bullish trend this week, rising by 5.08% (139 points) to close at 2,870 points — the highest level in nearly four months. Investor confidence was boosted by favorable monetary policy and falling interest rates. Along with this, several companies saw a significant jump in their share prices. Here’s a list of the top 10 gainers based on price movement and market activity.
Top 10 Gainers of the Week
(Note: Based on trading volume and market sentiment. Actual gainers may vary slightly depending on final closing data.)
- Butwal Power Company (BPCL) – Leading with over NPR 2.47 billion in trading volume.
- Radhi Bidyut Company – Strong demand in the hydropower sector.
- NRN Infrastructure – Gained investor interest rapidly.
- NIC Asia Bank – Strong performance after interest rate cuts.
- Nepal Reinsurance (NRIC) – Confidence rising in the reinsurance segment.
- Sanima Mai Hydropower – Solid momentum following IPO success.
- Sahas Urja – Rising demand from retail investors.
- Ngadi Group Power – Positive traction in hydropower.
- Sanima Bank – Stable fundamentals attracting long-term investors.
- CEDB Hydropower Holdings – Strategic interest and rising volume.
Why Did the Market Rise?
- Flexible Monetary Policy:
The central bank introduced relaxed provisions such as revising the 15% dividend cap for microfinance, removing deposit limits for finance companies, and a realistic approach to base rate calculations for banks. - Falling Interest Rates:
Several banks announced further rate cuts, pushing investor confidence higher. - Global Market Trends:
Global markets remained largely positive, indirectly boosting sentiment in Nepal as well.
High Trading Volume
- Thursday’s Turnover: NPR 16.59 billion — the highest in nearly 11 months.
- Financial Sector: Microfinance led the rally with an 8.11% rise, followed by growth in development banks and finance companies.
IPOs, FPOs & Rights Issues Open
- FPO:
- Himalayan Bank – Issuing 9.25 million shares at NPR 157 per share to meet the 30% public ownership rule.
- IPOs for Migrant Workers & Locals:
- Mabilung Energy – Open until July 19 (with extended time for locals).
- Swastik Laghubitta – Open until July 24.
- Bungad Hydropower – Open until July 27 (extended to August 11 for locals).
- Rights Issues:
- Barun Hydropower – 100% rights, open till August 3.
- People’s Power – 50% rights, open till July 26.
- Tehrathum Power – 100% rights, open till July 20.
Global Market Overview
- Dow Jones (USA): +0.01% this week | +5.48% in 1 month
- S&P 500 (USA): +5.29% in 1 month
- Shanghai Composite (China): +0.39% this week | +4.08% in 1 month
- Nikkei 225 (Japan): +1.01% this week | +2.39% in 1 month
- FTSE 100 (UK): –0.03% this week | +1.46% in 1 month
- BSE Sensex (India): –0.80% this week | +6.02% in 6 months
The Nepal stock market has returned to a bullish phase, with the NEPSE index reaching its highest point in four months. Key drivers include a flexible monetary policy, declining interest rates, and global optimism. Investors are now focusing on stocks with strong momentum and upcoming IPOs, making the coming weeks crucial for decision-making.
