After declining for the past several working days, the Nepal Stock Exchange (NEPSE) index surged by 127.32 points, or 4.72%, on Monday (September 2), the second trading day of the week, to close at 2,823.25 points.
The session witnessed the trade of 335 scrips in 160,579 transactions.
Over 31 million shares were traded on the day, leading to a turnover exceeding Rs 13 billion.
The turnover amount had declined to around Rs 10.5 billion on Sunday from around Rs 12 billion last Thursday and around RS 13.72 billion on Wednesday.
Stock analysts say the rise indicates attracted buyers after the continuous fall in the market in the past few days.
Earlier, the market had surged past 3,000-point, but it fell after profit bookers became more active.
The Sensitive Index and Float Index increased by 4.77% and 4.86% and the Sensitive Float Index by 5.16%.
National Hydro Power Company Limited (NHPC) became the top gainer of the day, by hitting the upper circuit limit. Six other companies also saw their share prices rise by 10%.
On the contrary, Laxmi Unnati Kosh (LUK) became the top loser with its share prices dropping by 4.71%.
On the turnover front, Goodwill Finance Limited (GFCL) continued to lead the pack followed byApi Power Company Ltd. (API).
All the 13 Nepse sub-indices closed in green, with the Finance Index seeing the biggest rise of 7.94%, followed by the Investment Index at 5.45%.
