Kathmandu: Nepal’s stock market soared past the 2900-point threshold on Monday, marking a strong rally in the second trading day of the week. The benchmark NEPSE index rose by 31.78 points to close at 2902.74.
The surge follows a relatively stable session on Sunday, when the index showed little movement.
However, the previous week saw consistent growth, with NEPSE gaining 75.84 points on Thursday, and 34 points each on Wednesday and Tuesday.
On Monday, the total daily transaction amount stood at Rs 16.32 billion. This is slightly lower than Sunday’s trading volume, which had exceeded Rs 21 billion.
Out of the total companies traded on Monday, 153 saw an increase in share prices, while only 96 recorded losses.
Three Star Hydropower hit the positive circuit limit, signaling a strong bullish sentiment. Similarly, shares of Trade Tower Limited, Sanvi Energy, and Unnati Sahakarya Laghubitta surged by more than 9 percent.
Conversely, Green Development Bank and Saptakoshi Development Bank hit the negative circuit, reflecting sharp declines in their stock prices.
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