NEPSE jumps 64 points, 21 billion turnover

Nepal’s stock market surged by over 50 points on the last day of the trading week, signaling renewed investor confidence as the country edges toward forming a new government.

The benchmark NEPSE index climbed 64.69 points to close at 2,877.03 on Thursday, with gains across all sectors. Development banks led the rally, posting a nearly 4% increase. Share prices of 240 companies rose, and four firms hit the daily upper trading limit. Total turnover reached NRs 21.22 billion, with Ngadi Group Power seeing the highest volume of trades, with shares worth Rs 611.6 million traded.

The market upswing comes at a politically consequential moment. Nepal’s Election Commission is expected to submit final vote counts to President Ram Chandra Paudel, completing both direct and proportional tallying. That formal step will lead to the process of forming a new government.

The convergence of political clarity and market momentum suggests investors are betting on a smoother transition of power, and possibly a more stable economic outlook ahead.

This week, the market saw a turnover of nearly 60 billion rupees with the market closing 57 points higher than the last week’s closing. Corporate Development Bank, Salpa Development Bank, Reliance Spinning Mills, and Solu Hydropower hit the positive circuit in today’s trading session.