Kathmandu: Nepal’s stock market closed the week on a strong note, with both the benchmark index and trading volume posting significant gains. On Thursday, the NEPSE Index jumped by 64.67 points to settle at 2,877.02, surpassing its previous post-election high. Earlier, following the election results that gave a clear majority to the Rastriya Swatantra Party, the market had hit a positive circuit and closed at 2,875.43. Thursday’s close marks a new high above that level, reflecting sustained investor optimism.
Alongside the index, trading activity also surged, with total turnover exceeding Rs 21 billion. A total of 56.9 million shares were traded in 191,251 transactions, amounting to Rs 21.22 billion in value. The sharp rise in both index and volume indicates strong market participation and renewed confidence among investors.
All sectoral indices moved into positive territory during the session. The development bank sub-index led the rally with a 3.95 percent gain, followed by the banking sector, which rose by 3.16 percent, and the life insurance sector, up by 2.76 percent. The broad-based growth suggests momentum across multiple sectors rather than a narrow rally.
Out of 264 listed companies traded during the day, share prices of 240 companies increased, while 22 declined and 2 remained unchanged. Several stocks hit the upper circuit limit, including Corporate Development Bank, Salapa Bikas Bank, and Reliance Spinning Mills, each gaining 10 percent. Solu Hydropower rose by 9.99 percent, while Hotel Forest Inn climbed 9.96 percent.
On the losing side, Mahuli Laghubitta saw its share price drop by 2.97 percent. Similarly, Ridi Hydropower declined by 1.62 percent, and Three Star Hydropower fell by 1.54 percent.
In terms of turnover, Ngadi Group Power led the market with transactions worth Rs 671.6 million, followed closely by National Hydropower Company at Rs 669.1 million, and Ridi Hydropower at Rs 626 million, making them the most actively traded stocks of the day.
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