NEPSE Rebounds with 33.89-Point Surge This Week

Nepal’s stock market recorded positive growth this week, reversing the decline of the previous week. 

The Nepal Stock Exchange (NEPSE) index rose by 33.89 points to close at 2,630.71. The total turnover for the week exceeded Rs 19.47 billion, compared to around Rs 19.3 billion last week, when the index had dropped by 85.45 points.  

Despite a decline of 13.53 points on Sunday, the NEPSE index rebounded strongly, gaining 28.91 points on Monday, 14.31 points on Tuesday, and 4.19 points on Thursday. The market remained closed on Wednesday due to a public holiday for Christmas.  

Investor sentiment appeared optimistic, with both small and large investors showing confidence in the market's direction. Over 51.8 million scrips worth over Rs 19.47 billion were traded during the week. On average, approximately 12.9 million scrips worth Rs 4.87 billion were traded daily, compared to last week's average of 9.92 million scrips worth Rs 4.83 billion.  

Sectoral performance was mixed. While five sectoral indices declined, investors in the hydropower and banking sectors experienced the highest gains. The hydropower index rose by 2.73 percent, and the banking index increased by 2.56 percent. Other sectors posting gains included Microfinance (1.61%), Manufacturing and Processing (1.59%), Trading (0.93%), Others (0.59%), Investment (0.58%), and Hotels and Tourism (0.42%).  

On the other hand, mutual funds, development banks, finance companies, non-life insurance, and life insurance indices saw declines of 4.69 percent, 1.69 percent, 0.97 percent, 0.42 percent, and 0.10 percent, respectively.  

The total market capitalization increased by over Rs 56.20 billion this week. It rose from Rs 4,307.35 billion last Thursday to Rs 4,363.56 billion by the end of the week’s trading session, reflecting a 1.30 percent growth.