NEPSE Rises 0.71% as All Sectoral Indices Close Higher

Marking its fourth consecutive day of gains, the Nepal Stock Exchange (NEPSE) index rose 0.71 percent, or 19.04 points, to close at 2,673.97 on Sunday, March 1.

The benchmark index had edged up 0.22 percent in the previous trading session last Thursday.

Daily turnover increased to Rs 5.64 billion from Rs 4.17 billion in the previous session. A total of 13,193,462 shares were traded in 55,206 transactions.

All major sub-indices ended in positive territory. The Sensitive Index rose 0.70 percent, the Float Index gained 0.68 percent, and the Sensitive Float Index increased by 0.61 percent.

Market breadth, however, was mixed. Share prices of 185 companies advanced, while 66 declined and 11 remained unchanged.

Salapa Bikas Bank Limited (SABBL) and Reliance Spinning Mills Limited (RSML) continued to lead the gainers’ chart, each surging 9.99 percent to close at Rs 642.90 and Rs 624.20, respectively.

At the other end was Him Star Urja Company Limited (HIMSTAR), falling 4.16 percent.

Radhi Bidyut Company Ltd (RADHI) topped the turnover chart, with shares worth Rs 360.503 million changing hands. It was followed by Api Power Company Ltd (API) and Manjushree Finance Ltd (MFIL).

All 13 sectoral indices closed higher. The Finance Index posted the strongest gain of 2.22 percent, followed by the Others Index, up 1.19 percent, and the Trading Index, which increased by 1.12 percent. The Mutual Fund Index recorded the smallest rise, at 0.01 percent.

Total market capitalisation increased to Rs 4,498.32 billion from Rs 4,466.06 billion on Thursday.

Trading will resume on Tuesday, March 3, following the public holiday on Monday for Fagu Purnima. The festival will be celebrated on Monday in the Kathmandu Valley and hilly regions, while Tarai-Madhesh will observe it on Tuesday.

The market will then reopen next Monday, March 9, after a three-day public holiday from March 4 to 6 for the March 5 elections, as well as the International Women’s Day holiday on March 8.