In an unprecedented rally, the Nepal Stock Exchange (NEPSE) experienced a substantial boost, with the NEPSE Index soaring to 2,111.24 points, marking an impressive increase of 58.58 points, equivalent to a remarkable 2.85%.
The vibrant market activity was evident through a staggering total turnover of Rs 4,551,632,347.82 and a substantial 10,609,597 total traded shares. The market displayed a balanced trend, with 220 companies advancing, 22 declining, and 4 remaining unchanged, contributing to the overall positive sentiment.
Adding to the market dynamics, Wednesday saw shares of five companies traded at positive circuit levels. Notably, Jan Utthan Community Microfinance, Unnati Co-operation Microfinance, Win Nepal Microfinance, Swabhiman Microfinance, and Jalpa Microfinance were among the companies reaching positive circuit levels. Furthermore, Support Microfinance, Nadep Laguvitta, and Abhiyaan Laguvitta experienced a robust day, with their share prices increasing by over 8%.
On this dynamic trading day, the rate of decline for stocks that fell in price remained less than 3%, reinforcing the overall resilience of the market.
Shivam Cements emerged as the top performer of the day based on turnover, with shares worth an impressive Rs 37,019,000 being bought and sold. Additionally, Sonapur Minerals and Sun Nepal Life Insurance showcased robust performance, with shares of the former being traded for over 24 crores and the latter exceeding a turnover of 16.5 crores.
