The Nepal Stock Exchange (NEPSE) index surged 1.33 percent on Thursday, October 30, closing above the 2,600-point threshold for the first time since October 7.
The benchmark index climbed 34.22 points to settle at 2,600.38, after fluctuating between an intraday low of 2,548.39 and a high of 2,605.50.
The secondary market showed steady gains through the week —up 0.20 percent on Sunday, the first trading day after Tihar, and 2.48 percent on Tuesday. There was no trading on Monday due to the Chhath public holiday, while Wednesday saw a minor 0.20 percent decline.
Of the traded companies, 216 advanced, 28 declined, and five remained unchanged on the last trading day of the week. Key sub-indices also posted gains: the Sensitive Index rose 1.20 percent, the Float Index gained 1.35 percent, and the Sensitive Float Index increased 1.27 percent.
Market turnover surged, with more than 26 million shares worth over Rs 7.51 billion traded — up sharply from Wednesday’s 11.5 million shares worth Rs 5.45 billion. Turnover on Sunday and Tuesday stood at Rs 2.66 billion and Rs 4.57 billion, respectively.
Brokers said post-festival optimism and dividend-focused trading have lifted market sentiment, as listed firms are required to finalise last fiscal year’s dividends by mid-January. “With sufficient liquidity and improved confidence, investors are gravitating towards fundamentally strong stocks,” they noted.
A green candlestick with a long lower shadow and short upper wick suggested continued upward momentum in the coming days.
Among the top performers, Gurans Laghubitta Bittiya Sanstha Limited (GLBSL) and Unnati Sahakarya Laghubitta Bittiya Sanstha Limited (USLB) hit the upper circuit, closing at Rs 2,310 and Rs 2,002.10 per share, respectively. Super Madi Hydropower Limited (SMHL) gained 9.54 percent, while Ganapati Laghubitta Bittiya Sanstha Limited (GMFBS) and Peoples Hydropower Company Limited (PHCL) rose 9.46 percent and 9.08 percent.
Despite the overall bullish tone, NIBL Stable Fund (NIBLSTF) recorded the steepest decline, down 5.70 percent.
In terms of turnover, Himalayan Bank Ltd. Promoter (HBLPO) led with transactions exceeding Rs 1.66 billion, followed by Radhi Bidyut Company Ltd (RADHI) at Rs 376 million and Nepal Reinsurance Company Limited (NRIC) at Rs 341 million.
Out of 13 sectoral indices, all except the Mutual Fund Index ended higher. The mutual fund sub-index edged down 0.18 percent, while hydropower led the rally with a 2.67 percent rise.
Other notable sectoral gains included: banking (0.33%), development bank (1.23%), finance (1.60%), hotels and tourism (0.70%), investment (1.35%), life insurance (1.80%), non-life insurance (1.75%), manufacturing and processing (1.74%), microfinance (1.60%), others (1.06%), and trading (0.88%).
Total market capitalisation rose to Rs 4,347.16 billion from Rs 4,289.94 billion on Wednesday.
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