NEPSE extends rally for third straight day, gains 38 points as all sectors advance

The stock market posted gains for a third consecutive trading day on Monday, as the benchmark NEPSE index rose 38.19 points, or 1.39%, to close at 2,783.85, the highest level reached during the day’s trading session.

The market maintained positive momentum throughout the session after rebounding from the 2,700-point range on Friday. All 13 sectoral indices ended in the green, reflecting broad-based investor buying.

Among sectoral performers, the “Others” subgroup led with a 2.11% rise, followed by Finance (1.81%), Hydropower (1.79%), Microfinance (1.70%), Non-Life Insurance (1.60%), and Development Banks (1.36%).

A total of 247 listed companies recorded gains, while 18 declined and four remained unchanged. First Microfinance Laghubitta Financial Institution was the day’s top gainer, with its share price surging 14.19% to NRs 919. Kumari Dhanabriddhi Yojana also jumped 11.37%.

On the downside, Trishuli Hydropower fell 2.87% to NRs 544.90 per share after posting a sharp rise in the previous trading session.

Market turnover improved notably, with daily trading volume increasing from NRs 3.28 billion on Friday to NRs 4.61 billion on Monday. A total of 10.44 million shares of 332 securities changed hands during the session.

Reliance Spinning Mills recorded the highest transaction value, with shares worth NRs 211.1 million traded at NRs 3,825 per share. National Hydropower and SY Panel Nepal were also among the most actively traded stocks.

Despite the recent rally, brokers say investor confidence remains fragile. Market participants have also linked the slowdown in turnover over recent weeks to stricter trading rules introduced by NEPSE.

Last month, NEPSE directed brokerage firms to collect at least 25% of the transaction amount in advance before executing trades. Brokers say the measure has reduced credit-based share trading, which previously contributed to daily turnovers of NRs 4 billion to NRs six billion.