NEPSE surges by over 27 points as trading resumes in new year

The Nepal Stock Exchange (NEPSE) index climbed by 27.14 points, or 1.01 percent, on Tuesday to close at 2,689.

22 points. This marked the first trading session of the new Nepali year, following a market closure on Monday for New Year celebrations. Along with the benchmark index, the Sensitive Index-which tracks the performance of class 'A' companies-rose by 0.



91 percent, while the Float Index, representing actively traded shares, increased by 1.11 percent. The market saw broad-based gains, with the exception of the Mutual Fund and Trading sectors, which declined by 0.

07 percent and 0.64 percent, respectively. Among the major gainers, the Investment sector led with a 2.

71 percent rise, followed by the Development Bank sector (2.46%), Hotels and Tourism (1.99%), Finance (1.

59%), Hydropower (1.47%), Manufacturing and Processing (1.22%), and Non-life Insurance (1.

07%). Investor enthusiasm also pushed the daily turnover to Rs 8.54 billion, up from Rs 6.

28 billion on Sunday. A total of 21,841,047 shares of 320 companies were traded in 69,364 transactions. By the end of the trading day, the total market capitalization stood at Rs 4.

470 trillion. In terms of individual stock movement, 212 scrips advanced while 34 declined. Shares of Corporate Development Bank Limited (CORBL), Green Development Bank Ltd.

(GRDBL), and Saptakoshi Development Bank Ltd. (SAPDBL) hit the upper circuit limit with a 10 percent surge in their prices..