Stock Market Surges on Capital Market Strengthening Plan
Summary
The NEPSE index rose 48.57 points to 2,633.62 after the Capital Market Strengthening and Revitalization Action Plan, 2083 boosted investor sentiment. Trading volume also surged, with gains across all 13 sub-groups and Reliance Spinning Mills leading turnover after announcing a 30 percent cash dividend.
Key Points
- Finance Minister Dr. Swarnim Wagle said the Capital Market Strengthening and Revitalization Action Plan, 2083 has had a direct positive impact on the stock market.
- The NEPSE index gained 48.57 points, or 1.87 percent, to close at 2,633.62 on Tuesday.
- Trading activity rose sharply, with shares of 347 companies traded more than 78,869 times for over Rs 8.29 billion.
- Reliance Spinning Mills topped turnover after announcing a 30 percent cash dividend, while Shivam Cements and Api Power Company also saw strong trading.
