The Nepal Stock Exchange (NEPSE) index rose 0.57% on Monday, August 4, after ending in the red for three consecutive days. The benchmark index gained 16.46 points to close at 2,875.36.
The market had previously touched a four-year high of 3,002.07 on Tuesday, July 29, driven by momentum following the July 11 monetary policy announcement, which favoured the stock market and real estate sectors. However, it retreated by 1.59%, 1.06%, and 2.18% over the next three trading days—a trend analysts attributed to market correction.
The index has closed higher in 12 of the past 17 sessions. NEPSE’s all-time high of 3,198.60 was recorded on August 18, 2021, with an intraday peak of 3,220.33.
Daily turnover fell to Rs 10.82 billion, down from Rs 13.07 billion on Sunday and Rs 15.98 billion last Thursday.
Of the 250 listed companies traded on Monday, 140 advanced and 110 declined. The Sensitive Index gained 0.84%, the Float Index 0.56%, and the Sensitive Float Index 0.92%.
Three Star Hydropower Limited (TSHL) was the day’s top gainer, climbing 6.89% to Rs 978.95 per share. Trade Tower Limited (TTL), which had led recent rallies, was the biggest loser, hitting the lower circuit to close at Rs 1,033.20.
Himalayan Reinsurance Limited (HRL) led in turnover with transactions worth Rs 559.67 million, followed by Shivam Cements Limited (SHIVM) at Rs 436.48 million and Himalayan Distillery Limited (HDL) at Rs 375.85 million.
Of the 13 sector indices, seven closed in the green. The Trading Index posted the highest gain, up 2.89%, while the Finance Index saw the sharpest drop, down 0.82%.
Total market capitalisation rose to Rs 4,799.48 billion, up from Rs 4,772 billion the previous day.
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