The Nepal Stock Exchange (NEPSE) saw a notable increase of 33.41 points on Tuesday, following the government’s appointment of a new chairperson for the Securities Board of Nepal after an 11-month hiatus.
The market opened at 2,683.24 points and closed at 2,716.66 points. Initially, the index surged to a high of 2,719.85 points within the first three minutes of trading. However, it then dropped to a low of 2,685.91 points within the next two hours. In the remainder of the trading session, the market rebounded, climbing back up by approximately 31 points before closing.
The Sensitive Index, which tracks the performance of ‘A’ class companies, rose by 4.50 points. Daily turnover increased to NPR 7.44 billion, up from NPR 6.34 billion on Monday.
All 13 sectors saw gains during the day’s trading. Life insurance and non-life insurance sectors led the way, adding 132.66 points and 105.89 points, respectively.
Nepal Finance Ltd recorded the highest turnover, with shares worth NPR 457.80 million changing hands. Meanwhile, Support Microfinance Bittiya Sanstha Ltd, United IDI Mardi RB Hydropower Limited, and Kutheli Bukhari Small Hydropower Limited each saw their market values rise by 10 percent. On the downside, Three Star Hydropower Limited was the biggest loser.
