After four consecutive days of decline, Nepal’s stock market witnessed a positive rebound on Monday, the second trading day of the week. The Nepal Stock Exchange (NEPSE) index surged by 23.19 points, closing at 2,653 points.
Despite the green momentum and renewed investor optimism throughout the day, trading volume declined compared to the previous session. While turnover stood at Rs. 9.13 billion on the prior day, it dropped slightly to Rs. 8.68 billion today.
Out of the traded companies, 191 saw their stock prices rise, 56 declined, and one remained unchanged.
The Hydropower sub-index posted a strong gain of 2.35%, while the “Others” group rose the most by 2.63%. Improvements were also observed across Banking, Development Banks, Finance, Investment, Manufacturing, Microfinance, and Non-life Insurance groups.
However, Trade, Life Insurance, and Hotel & Tourism sectors experienced losses.
In a remarkable move, four hydropower companies hit the positive 10% circuit limit, indicating maximum daily gains. These were:
- Makar Jitumaya Suri Hydropower
- Pure Energy
- Dolt Power
- Bindhyabasini Hydropower
Among the top 10 gainers, 8 were hydropower companies, further emphasizing the sector’s bullish run. Notable mentions include:
- Butwal Power: +9.83%
- Mayakhola Hydropower: +9.74%
- Rawa Energy: +9.18%
On the downside, Bhugol Energy suffered the biggest loss, falling 7.47%, followed by declines in Mithila Laghubitta and Saptakoshi Development Bank.
In terms of trading volume, Radhi Power Company, Universal Power, Butwal Power, NRN Infrastructure, and CEDB Holdings emerged as the top five most active stocks of the day.
Overall, the market recovery was largely driven by the hydropower sector, signaling investor confidence in energy-related assets despite reduced overall turnover.
