Nepal Stock Exchange Surges 83 Points Following Assurance from Finance Minister Swarnim Wagle

The benchmark index of Nepal Stock Exchange (NEPSE) surged significantly on the second trading day of the week, closing at 2,760.02 points with a gain of 83.33 points. The market, which had dropped by over 100 points the previous day amid panic triggered by asset laundering investigations, rebounded following assurances from Finance Minister Swarnim Wagle that the government remains supportive of the private sector and capital market. Alongside the NEPSE index, the sensitive, float, and sensitive float indices also rose by 14.30, 6.01, and 5.03 points respectively. Despite the rise in the index, total trading turnover declined to NPR 10.92 billion. A total of 251.55 million shares of 345 companies were traded, with 8 stocks hitting the positive circuit level. In terms of turnover, Reliance Spinning Mills led the market, followed by Himalayan Reinsurance and NRN Infrastructure. All 13 sub-indices ended in positive territory, with the hydropower sector recording the highest gain of 4.59%.