Kathmandu: The Nepal Stock Exchange (NEPSE) index made a strong comeback in the first trading session following the week-long Dashain holiday, gaining 31.48 points (1.17%) to close at 2,699.66. The market’s performance reflects renewed investor confidence, with positive sentiment driving most stocks higher throughout the day.
A total of 6,417,267 shares were traded, generating a turnover of Rs. 3.06 billion. Out of the listed stocks, 205 saw gains, while 32 declined, and 6 remained unchanged. The NEPSE chart showed a steady upward trend, with the index approaching the 2,700 mark by the close, indicating robust market activity.
Several stocks performed exceptionally well, topping the gainers’ list. Janaki Finance Limited (JFL) and Mahalaxmi Bikas Bank Limited (MLBBL) were the standout performers, both surging by 10%. JFL closed at Rs. 677.60, up Rs. 61.60, while MLBBL saw a significant jump of Rs. 158.00, closing at Rs. 1,738.00. Similarly, Multipurpose Finance Limited (MPFL) rose by 9.32%, closing at Rs. 759.80, and Samriddhi Finance Company Limited (SFCL) increased by 6.84% to reach Rs. 672.00. The mutual fund NIBSF2 also posted gains, rising 6.74% to Rs. 8.87.
In terms of turnover, Gurkhas Finance Limited (GFCL) led the market with a total trading volume of Rs. 180.50 million, closing at Rs. 1,077.00. It was followed by Nepal Finance Limited (NFS), which recorded a turnover of Rs. 112.35 million at Rs. 1,450.00 per share. Himalaya Reinsurance Limited (HRL) and Chilime Hydropower Company Limited (CHDC) also attracted significant interest, with turnovers of Rs. 109.37 million and Rs. 100.26 million, respectively. Meanwhile, NRN Infrastructure and Development Limited (NRN) saw trades worth Rs. 84.11 million, closing at Rs. 935.00.
The strong start after the Dashain holiday indicates positive market momentum, with investors displaying renewed enthusiasm. However, analysts advise caution as the market could experience volatility in the coming sessions. With the festive season behind, market participants are expected to remain active, influencing trading volumes and price movements in the days ahead.
