After a sharp 6 percent plunge last Thursday the Nepal Stock Exchange (NEPSE) index staged a strong recovery on Sunday, September 21, rising 4.44 percent, or 111.70 points, to close at 2,623.62.
The market had tumbled 160.33 points on September 18 when it reopened after the Gen Z-led protests toppled the KP Sharma Oli government on September 9. Trading had been suspended until September 17 amid concerns over market volatility during the political unrest.
Daily turnover surged as confidence returned, surpassing Rs 9.17 billion, a stark rise from Rs 728.70 million recorded last Thursday. A total of 20,032,224 shares changed hands across 108,908 transactions.
All major indices closed firmly in the green: the Sensitive Index gained 4.37 percent, the Float Index 4.36 percent, and the Sensitive Float Index 4.19 percent. Of the 252 listed companies traded, 224 advanced while 28 declined.
Nine companies, including Sindhu Bikash Bank Ltd (SINDU), Bhugol Energy Development Company Ltd (BEDC), and Shivam Cements Ltd (SHIVM), hit the upper circuit limits. By contrast, eight companies had dropped 10 percent last Thursday.
Siddhartha Premier Insurance Ltd (SPIL) was the day’s biggest loser, falling 7.64 percent.
In terms of turnover, Nepal Reinsurance Company Ltd (NRIC) led with Rs 831.355 million, followed by Himalayan Reinsurance Ltd (HRL) at Rs 482.681 million, and Guardian Micro Life Insurance Ltd (GMLI) at Rs 304.850 million.
Only two of the 13 sectoral indices posted losses: Non-Life Insurance declined 4.02 percent and Mutual Funds slipped 0.71 percent. The Trading Index surged the most, climbing 8.66 percent, followed by the Investment Index at 7.68 percent and the Development Bank Index at 6.07 percent.
Market capitalisation rose to Rs 4,385.99 billion by the end of Sunday’s session, up from Rs 4,199.25 billion the previous trading day, reflecting renewed investor confidence after the recent political turbulence.
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