Nepse Rebounds in Final Minutes After Six-Day Decline; Turnover Drops
The Nepse index inched up to 2,614 after six consecutive declining sessions, driven by a last-minute rebound, though total market turnover remained lower.
Nepal’s stock market posted a modest rebound on Sunday, ending a six-session losing streak as late-session buying helped the benchmark Nepse Index close higher. The index climbed 7.39 points to finish at 2,614, reversing losses seen earlier in the day.
The market had dipped to 2,606 around 2:54 p.m., marking the intraday low, before a surge of buying in the final six minutes pushed the index back into positive territory. Earlier, at 12:20 p.m., the index had touched an intraday high of 2,620.
A total of 148 stocks advanced, while 101 declined and 9 remained unchanged, indicating a broadly positive market breadth. However, overall turnover dropped to NPR 3.75 billion, compared to NPR 4.66 billion on the previous trading day, reflecting weaker trading momentum.
Sectoral performance was mixed. Banking, microfinance, non-life insurance, and trading indices slipped slightly, while development banks, finance companies, hotels and tourism, hydropower, life insurance, and manufacturing/processing sub-indices recorded gains.
Three stocks—Swastik Laghubitta, Srinagar Agritech, and Upper Mailung Khola Hydropower—hit the upper circuit with a full 10% gain. Other notable gainers included Swetganga Hydropower (up 8.76%) and Super Madi Hydropower (up 8.10%).
On the downside, Himstar Urja fell 3.88%, marking the steepest decline of the day. Mithila Laghubitta, Kalika Laghubitta, and Laxmi Sunrise Bank also posted notable losses.
The most actively traded stocks included Ngadi Group Power, Laxmi Sunrise Bank, Radhi Hydropower, Universal Power, and Himalayan Reinsurance, underscoring continued investor focus on hydropower and financials.