11 August 2024, Kathmandu
The Nepal Stock Exchange (NEPSE) index soared to a new peak on Sunday, closing at 2,860.91 points, marking a significant increase of 94.53 points.
NEPSE Surpasses 25 Billion
The day’s trading volume also shattered previous records, reaching a staggering 25 billion 77 million rupees, surpassing the previous high of 23 billion 71 crore rupees set on 6th August.
Investor enthusiasm was evident across the board, with the share prices of 228 companies on the rise. Life insurance, microfinance, and investment groups emerged as top performers, recording gains of 4.55%, 4.40%, and 4.12%, respectively.
Several hydropower companies, including National Hydropower, Nerude Mirmire Microfinance, HIDCL, Khanikhola Hydropower, Ankhukhola Hydropower, Upper Tamakoshi, Shubham Power, Self-sufficient Microfinance, Midsolu Hydropower, United Idi Mardi, Singti Hydropower, Riddy Power, Arunvalley Hydropower, and others, witnessed substantial price increases, exceeding the 10% mark.
Himalayan Re and Shivam Cement led the trading volume with turnovers surpassing 1 crore rupees each.
The overall bullish sentiment in the market has investors flocking to various sectors, contributing to the record-breaking performance.
About NEPSE
The Nepal Stock Exchange (NEPSE) is the country’s sole platform for trading stocks and securities. It operates as a crucial financial market, connecting investors with companies seeking capital. NEPSE plays a pivotal role in the Nepalese economy by facilitating capital formation, promoting investment, and reflecting the overall market sentiment.
Listed companies on NEPSE represent various sectors, including banking, hydropower, insurance, and manufacturing. Through NEPSE, investors can buy and sell shares of these companies, contributing to their growth and expansion. The exchange’s performance is closely monitored as a barometer of the nation’s economic health.
While NEPSE has witnessed growth and development, it still faces challenges such as market volatility, investor education, and regulatory framework. Continuous efforts are being made to address these issues and enhance the overall efficiency and transparency of the stock market.