Business & Finance

NEPSE Index Climbs 1.87% Amid Strong Investor Sentiment

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NEPSE Index Climbs 1.87% Amid Strong Investor Sentiment

Finance Minister Dr. Swarnim Wagle said that the Capital Market Strengthening and Revitalization Action Plan, 2083 has had a direct positive impact on the stock market. Investment sentiment has been high, and the Nepal Stock Exchange index closed with a double‑digit increase. On the second trading day of the week, the NEPSE index rose 48.57 points, or 1.87 percent, to 2,633.62 points. Trading volume also improved significantly. On Tuesday, shares of 347 companies were traded 78,869 times, with a total transaction value of more than 8 billion 29 crore 17 lakh rupees. On Monday, shares worth 4 billion 68 crore rupees were bought and sold. The new action plan has filled investors with enthusiasm, leading to buyers dominating the market. Accordingly, the share price of 265 companies that came into trading increased, while the price of only 12 companies fell. The share price of one company remained unchanged. On Tuesday, the indices of all 13 sub‑groups increased. The non‑life insurance sub‑group index rose the most, up 2.82 percent. The finance, investment, life insurance, and other sub‑groups increased by more than 2 percent, while the banking, development bank, hotel and tourism, hydropower, and microfinance sub‑groups increased by more than 1 percent. Dhaulagiri Laghubitta Bittiya Sanstha’s share price rose 14.96 percent, the highest gain. Sindhu Bikas Bank’s share price increased 11 percent, and Multipurpose Finance Company’s share price rose more than 9.5 percent. In terms of trading volume, Reliance Spinning Mills topped the list, with shares worth 32 crore 70 lakh rupees traded after the company announced a 30 percent cash dividend. Shivam Cements’ trading volume exceeded 31.5 crore rupees, and approximately 28.5 crore rupees of Api Power Company shares were traded.

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