In a piece of positive news for investors, Nepal Stock Exchange (NEPSE) witnessed a remarkable 92-point jump on Wednesday. The market started on an upward trend and continued to surge throughout the day, with all 218 companies listed on the exchange seeing an increase in their share prices. The NEPSE index finally reached 1963 points, which is a 4.93 percent increase compared to the previous day.
This increase in the NEPSE index was accompanied by a surge in turnover, which doubled compared to the previous day. The total transaction amount on Wednesday was 1.97 billion rupees, which is a significant increase compared to the 94 billion rupees of transaction value recorded the day before.
All subgroups, including banking, development bank, finance, hotel and tourism, hydropower, life insurance, manufacturing, microfinance, non-life insurance, other, and business, saw an increase in their indicators. The banking subgroup saw a 66-point increase, while the development bank subgroup saw a 197-point increase. The finance and hotel and tourism subgroups both increased by 108 and 118 points, respectively. The hydropower subgroup saw a 120-point increase, while the life insurance subgroup increased by 442 points. The manufacturing subgroup increased by 218 points, while the microfinance subgroup saw a 172-point increase. The non-life insurance subgroup saw a 343-point increase, while the other subgroup increased by 47 points. The business subgroup saw an 84-point increase.
Overall, this increase in the NEPSE index and turnover is a positive sign for the Nepalese stock market and investors alike.
