The Nepal Stock Exchange (NEPSE) index surged 1.1% (29.87 points) to close at 2,727.91 on Monday, February 17, following a 0.73% gain the previous day.

The index had fallen 0.79% last week, declining in three out of five trading days.

Trading volume, too, surged on the week’s second trading day, with daily turnover surpassing Rs 10 billion, compared to over Rs 9.47 billion in the previous session.

More than 18 million shares changed hands across 102,861 transactions on the day.

All major indices closed the day in the green, with the Sensitive Index surging by 1.38%, while the Float Index and Sensitive Float Index gained 1.28% and 1.43%, respectively.

Six companies—Wean Nepal Laghubitta Bittiya Sanstha Limited (WNLB), Gurans Laghubitta Bittiya Sanstha Limited (GLBSL), Kutheli Bukhari Small Hydropower Limited (KBSH), Excel Development Bank Ltd. (EDBL), Guardian Micro Life Insurance Limited (GMLI), and Dibyashwori Hydropower Ltd. (DHPL)—hit the upper circuit limit. Global IME Balanced Fund-1 (GIBF1) and Bhugol Energy Development Company Limited (BEDC) saw their share prices rising by 9.49% and 9.45%, respectively.

On the contrary, Saptakoshi Development Bank Ltd. (SAPDBL) was the day's biggest loser, hitting the lower circuit limit.

Nepal Reinsurance Company Limited (NRIC) recorded the highest turnover, followed by CEDB Holdings Limited (CHDC) and NRN Infrastructure and Development Limited (NRN).

Among NEPSE sub-indices, Trading, Finance, and Hydropower sectors ended lower, falling 1.27%, 0.81%, and 0.15%, respectively. The Microfinance Index rose the most, by 2.45%.