Share market continues upward trend

The Nepal Stock Exchange (NEPSE) maintained its positive trend on Monday, climbing by 22.14 points to close at 2,760.21 points at the end of the trading day. This follows a significant increase on Sunday, where the index rose by 62.54 points, or 2.33%.

 Along with the benchmark index’s rise, the Sensitive Index gained 0.74%, while the Float Index saw an increase of 0.84%.

Market activity remained robust, with total turnover reaching Rs. 11.31 billion from the trade of 24,557,153 units of shares across 302 scrips in 113,964 transactions. The intraday turnover recorded on Sunday was Rs. 9.77 billion.

Sectoral performances were mixed on Monday, with five sectors lagging behind. Notably, the Microfinance sector recorded a substantial gain of 3.20%, followed by the Life Insurance sector which increased by 1.66%, the Investment sector by 1.28%, and the Banking sector by 1.04%.

Investor sentiment remained optimistic, as 143 stocks advanced, 92 declined, and 9 remained unchanged.

Among the day’s top gainers were Shrijanshil Laghubitta Bittiya Sanstha Limited (SHLB), Manushi Laghubitta Bittiya Sanstha Limited (MLBS), Gurans Laghubitta Bittiya Sanstha Limited (GLBSL), Samudayik Laghubitta Bittiya Sanstha Limited (SLBSL), and Support Microfinance Bittiya Sanstha Ltd. (SMB), all of which surged by 10% in their share values.

In contrast, Eastern Hydropower Limited (EHPL) saw a 10% decline in the share price.