KATHMANDU: The Nepal Stock Exchange (NEPSE) witnessed a record-breaking single-day turnover of Rs 25.77 billion on Sunday, driven by a bullish market trend that has spurred increased investor confidence and trading activity.
Following a steady rise in the market, the daily turnover volume has seen significant growth in recent days. Last week, the average daily turnover was recorded at Rs 20.90 billion, reflecting the market’s positive momentum. Stockbrokers have attributed the sizable turnover to increased market stability and investor interest.
On Sunday, the secondary market index surged by 94.46 points, closing at 2,860.84 points. The market opened at 2,766.38 points and fluctuated around the 2,800 mark during the initial trading hours before escalating sharply towards the close of the session.
The Sensitive Index, which tracks the performance of ‘A’ class companies, also saw a substantial increase, adding 18.23 points. The daily turnover jumped to over Rs 25.77 billion, compared to Rs 20.07 billion recorded on Thursday.
All 13 sectors listed on NEPSE ended the day in positive territory, with life insurance leading the gains with a remarkable increase of 605.04 points. Eight sectors achieved three-digit point gains in their respective indices.
Among individual companies, 225 were recorded as gainers, while only 15 ended the day in the red. Himalayan Reinsurance Limited posted the largest turnover, with shares worth Rs 1.52 billion traded.
National Hydro Power Company, Nerude Mirmire Laghubitta Bittiya Sanstha Limited, and Hydroelectricity Investment and Development Company were among the top gainers, each adding 10% to their market values.
Kutheli Bukhari Small Hydropower Limited was the day’s biggest loser.
The record-high turnover highlights growing investor confidence in the Nepalese stock market, which continues to attract attention both domestically and internationally.