KATHMANDU: The Nepal Stock Exchange (NEPSE) experienced a significant surge on Tuesday, closing at 2,696.65 points, up by 35.55 points from the previous day. The market opened at 2,661.09 points and saw a series of fluctuations throughout the trading session.
In the first two hours, the index hit the day’s low at 2,609.8 points but soon rebounded. By the last 20 minutes of trading, the NEPSE reached its peak at 2,709.89 points before correcting slightly to close for the day.
The sensitive index, which tracks the performance of ‘A’ class companies, increased by 3.23 points. However, the daily turnover saw a decline to Rs 17.26 billion from Rs 19.60 billion on Monday.
Despite the overall market growth, four sectors recorded losses: non-life insurance, trading, banking, and mutual funds. The non-life insurance sector experienced the largest drop, shedding 48.35 points. Conversely, the hotels and tourism index soared by 398.17 points, making it the top gainer. Other sectors with notable gains included finance, development banks, and hydropower, each rising by triple digits.
Out of the individual companies, 189 were gainers while 47 ended the day in the red. Himalayan Reinsurance Limited posted the highest turnover with shares worth Rs 601.00 million. Progressive Finance Limited, Barun Hydropower, Sanjen Jalavidhyut Company Limited, and Nepal Warehousing Company Limited emerged as the top gainers, each adding 10 percent to their market values. In contrast, Asian Hydropower Limited recorded the highest loss of the day.
This fluctuation in NEPSE reflects the dynamic nature of Nepal’s financial markets and highlights significant movements within key sectors, especially in hotels and tourism.