Nepse posts strongest weekly gain in months as turnover jumps
Summary
Nepal Stock Exchange posts strongest weekly gain in months with a 2.95% rise in benchmark index and a 48.5% surge in turnover to Rs29.19 billion, driven by broad-based buying and investor optimism.
Key Points
- Nepal Stock Exchange benchmark index rose 76.76 points (2.95%) to close at 2,677.54, marking its strongest weekly performance in months.
- Weekly turnover surged 48.5% to Rs29.19 billion, lifting average daily turnover to Rs5.84 billion.
- All sectoral indices ended higher, led by Non-Life Insurance, Manufacturing and Processing, Investment, and Banking.
- Market analysts attribute the rally to optimism from government discussions and efforts by SEBON to encourage institutional investment, though short-term trend remains uncertain.
