NEPSE hits record-breaking single-day turnover of Rs 27.24 billion

August 12, 2024, 05:47:39 PM |

Kathmandu, Nepal – The Nepal Stock Exchange (NEPSE) set a new record on Monday with the highest single-day turnover of Rs 27.24 billion, surpassing the previous day’s figure by Rs 1.47 billion. This significant milestone reflects the continued bullish momentum in the secondary market, which has seen notable gains at the start of the week.

On Sunday, the daily turnover stood at Rs 25.77 billion, but Monday’s trading session saw an even larger surge, accompanied by a sharp increase in market capitalization. The market capitalization saw a single-day jump of Rs 112 billion, rising from Rs 4.541 trillion to Rs 4.653 trillion.

During Monday’s intraday trading, NEPSE climbed by 70.81 points, closing at 2,931.65 points. The market opened at 2,860.84 points, quickly escalating to 2,928.99 points within the first hour. Although the index briefly dipped by around 43 points, it regained strength to hit a day’s high of 2,937.4 points in the final minutes before settling at 2,931.65 points.

The sensitive index, which tracks the performance of ‘A’ class companies, also showed a robust increase of 10.56 points. In terms of individual stocks, 171 companies recorded gains, while 68 were listed as losers.

Of the 13 trading groups, only two—manufacturing and processing, and investment—experienced losses, shedding 99.28 points and 0.22 points, respectively. Life insurance emerged as the top-performing group, adding an impressive 815.81 points.

Himalayan Reinsurance Limited recorded the largest turnover, with its shares trading for Rs 1.22 billion. Seven companies, including SuryaJyoti Life Insurance, Himalayan Life Insurance, Joshi Hydropower Development Company, Rasuwagadhi Hydropower Company, Swet-Ganga Hydropower & Construction Limited, Shuvam Power Limited, and Vision Lumbini Urja Company, were the biggest gainers, each adding 10 percent to their market values. On the downside, Kutheli Bukhari Small Hydropower Limited was noted as the day’s biggest loser.

This record-breaking turnover and robust market performance indicate strong investor confidence and a positive outlook for NEPSE. The continuous rally in the market has attracted new investors, further fueling the upward trend in Nepal’s stock market.

Fiscal Nepal |

Monday August 12, 2024, 05:47:39 PM |