KATHMANDU: For the second day in a row, the Nepal Stock Exchange (NEPSE) closed at 2,931.65 points on Monday after rising 70.81 points, or 2.47%. This surge comes after the index crossed 2,800 the day before, a significant boost of 94 points. The Float Index, which measures shares that are actively traded, gained by 2.95%, while the Sensitive Index, which follows Class 'A' equities, also experienced an increase of 2.10%.

The performance of the market was strong overall, save for two areas. There was a 1.19% decline in the manufacturing and processing industry and a 0.19% decline in the investment sector. However, every other industry saw growth, with life insurance seeing the biggest increase at 5.85%. The financial industry increased by 4.81%, the trading sector by 4.13%, and the hydropower sector by 3.43%. The development bank industry saw the biggest gains, coming in at 3%, followed by hotel and tourist at 2.94%, non-life insurance at 2.97%, and banking at 2.95%.

Among individual stock movements, 171 companies saw their share values rise, while 68 declined, and three remained unchanged. Seven stocks, including SJLIC, HLI, JOSHI, RHPL, SGHC, SPL, and VLUCL, reported a 10% increase in their share values. Conversely, Kutheli and Bukhari Small Hydropower Limited (KBSH) saw a 10% decline.

The daily turnover of the NEPSE surged for the second day this week, reaching Rs 27 billion from the trading of 64,876,217 shares across 339 companies in 283,047 transactions. The total market capitalization of the exchange stood at Rs 4.653 trillion.