NEPSE surges with record Rs 7 billion trades reaching highest level in nearly a year
KATHMANDU: The Nepal Stock Exchange (NEPSE) had a significant increase in transaction volume on the first trading day of the week, surpassing Rs 7 billion for the first time in over five months. NEPSE concluded at 2257.59 points, representing a significant 52.97 point increase, or 2.40%. During the trading session, the index reached a high of 2290.95 points before falling slightly.
With today's closing level, the NEPSE is at its highest position in over a year, indicating robust investor confidence and market activity. In addition, there was a sharp increase in trading activity, with transactions reaching Rs 7.62 billion—the largest since February 13, 2024, when trades of Rs 7.63 billion were registered despite a 25-point drop in NEPSE.
The non-life insurance industry grew significantly as well, growing by 140.48 points to 11282.70 points, while the life insurance sector had the largest rise, jumping by 220.85 points to reach 10948.59 points. 201 of the 309 firms that were traded saw a gain in share prices, and 36 saw a decrease. The Mutual Fund industry had the least amount of growth, rising 0.34 points to 20.08 points, with five businesses keeping their share prices steady.
Overall, the day’s trading activity on NEPSE underscored robust market dynamics and renewed investor optimism, driven by positive movements across various sectors and a significant uptick in trading volumes.