NEPSE Rebounds 0.82% as Market Shows Early Signs of Recovery

The Nepal Stock Exchange (NEPSE) index rebounded on Tuesday, February 24, rising 0.82 percent, or 21.62 points, to close at 2,638.60.

The benchmark posted a second consecutive gain after three straight losing sessions. It had edged up 0.09 percent in the previous trading day. Despite the rebound, the broader trend remains weak. The market has closed in positive territory on only five of the 15 trading days in February.

However, analysts noted a potential shift in momentum. A Marubozu pattern formed on the candlestick chart, signalling possible short-term upside. 

Turnover continues to decline. It fell to Rs 4.23 billion from Rs 5.13 billion on Monday and Rs 6.69 billion on Sunday. More than 9.3 million shares were traded through 49,093 transactions.

All major sub-indices ended higher. The Sensitive Index rose 0.51 percent. The Float Index gained 0.78 percent. The Sensitive Float Index advanced 0.59 percent.

Market breadth improved. Share prices of 213 companies increased, while 42 declined and six remained unchanged.

Salapa Bikas Bank Limited (SABBL) topped the gainers’ list, hitting the upper circuit once again and closing at Rs 483.1. Reliance Spinning Mills Limited (RSML) followed, climbing 9.31 percent to Rs 472.2. Nepal SBI Bank Limited (SBI) was the biggest loser, falling 3.58 percent to Rs 408.8.

In terms of turnover, SY Panel Nepal Limited (SYPNL) led with transactions worth Rs 377.29 million. It was followed by Ankhu Khola Jalvidhyut Company Ltd (AKJCL) and Radhi Bidyut Company Ltd (RADHI).

All 13 sectoral indices closed in the green. The Hotels and Tourism Index recorded the strongest gain, surging 2.07 percent. The Mutual Fund Index posted the smallest rise, up 0.09 percent.

Market capitalisation increased to Rs 4,438.58 billion from Rs 4,402.20 billion in the previous session.