The Nepal Stock Exchange (NEPSE) closed in green on Thursday, ending a six-day decline. 

The index surged by 78.31 points, or 3%, to close at 2,688.53 on the last trading day of the week.

The market saw an increase in trading activity, with over 19 million shares traded, resulting in a turnover of Rs 8.17 billion, up from Rs 6.85 billion on Wednesday.

Stock analysts report that buyers have been drawn in as the companys’ share prices reached a low in a persistently declining market, contributing to an overall market uptick.  

Previous profit-takers re-entered the market, which positively impacted the market, they say. The government and regulatory bodies are making efforts to help the market grow.
Despite a week-long drop, the market is destined to grow eventually with the steady decline in bank interest rates and ample liquidity in the system, along with the removal of credit limits for institutional investors, seasoned investors claimed. 
The Sensitive Index and Float Index increased by 2.89% and 3%, respectively, while the Sensitive Float Index increased by 3.16%.

Out of the traded stocks, 229 saw an increase in their prices, 12 experienced a decline, while share prices of 3 companies remained unchanged.

Five companies — Wean Nepal Laghubitta Bittiya Sanstha Limited (WNLB), Green Ventures Limited (GVL), Upakar Laghubitta Bittiya Sanstha Limited (ULBSL), Eastern Hydropower Limited (EHPL), and Rawa Energy Development Limited (RAWA) — were the top gainers of the day, each hitting the upper circuit limit.

In contrast, Three Star Hydropower Limited (TSHL) became the biggest loser of the day, with its share prices plunging by 10%.

On the turnover front, CEDB Hydropower Development Company Limited (CHDC) led the pack followed by Himalayan Reinsurance Limited (HRL).

In terms of sector wise performance, the Mutual Fund Index fell by 0.09%, while the Hydropower Index led in the gains, rising 4.24%.