NEPSE Surges 30 Points to Cross 2,750 as Turnover Vaults Past Rs 3.8 Billion

The Nepal Stock Exchange (NEPSE) snapped its recent trend of minor fluctuations by registering a notable double-digit rally on Wednesday. The benchmark index surged by 30.08 points, or 1.10%, to settle at 2,754.48 points, successfully reversing a marginal 6.51-point retraction recorded in the preceding trading session. Initiating the day's trade at 2,721.73, the index exhibited a strong upward trajectory, touching an intraday high of 2,756.11 before pulling back slightly toward the close. Market liquidity saw a substantial increase, with total daily turnover climbing to Rs 3.82 billion. This volume was driven by the exchange of 10,661,476 shares across 346 listed companies, executed via 52,336 individual transactions. By the closing bell, the aggregate market capitalization reached Rs 46.97 trillion, while the float market capitalization stood at Rs 15.69 trillion. Corporate Development Bank Limited (CORBL) heavily influenced market liquidity, topping the turnover chart with trades totaling Rs 18.35 crore. Paradoxically, the financial institution also registered the day's sharpest decline, with its stock price dropping by 13.26% to close at Rs 1,995.00. Conversely, Upper Lohore Khola Hydropower Company Limited (ULHC) emerged as the day's top performer, leading the gainers' list with an impressive 14.26% climb to close at Rs 2,300.00. Sectoral performance was predominantly bullish, spearheaded by the Hotels and Tourism Index alongside the Hydropower Index, both of which rallied by 1.89%. On the other hand, the Non-Life Insurance sub-index bucked the broader market trend, booking the steepest fractional loss of 0.44%.