NEPSE Index Rises to 2,488.09 With 0.08% Gain; Market Cap at Rs. 39.47 Kharba

The Nepal Stock Exchange (NEPSE) Index saw a modest rise, closing at 2,488.09 points with a minimal gain of 2.15 points or 0.08% from the previous trading day's close. Despite the slight increase today, the index gained around 61.61 points in its previous session.

The trading day started with the index opening at 2,491.17 points, dipping to an intraday low of 2,441.56 points, and peaking at an intraday high of 2,504.53 points before settling at its closing value. This fluctuation indicates the market's attempt to breach the resistance zone at 2,500, although it failed to close above this level. The forthcoming market sessions will determine whether the index will break through or retreat from this resistance zone.

During the session, a total of 309 scrips were traded through 170,559 transactions. The volume of shares traded amounted to 39,754,711, leading to a substantial turnover of Rs. 13.91 Arba. The market capitalization was reported at Rs. 39.47 Kharba, with a float market capitalization of Rs. 13.55 Kharba.

Himalayan Reinsurance Limited (HRL) topped the market in turnover, achieving a value of Rs. 36.93 crores and closing at Rs. 661.20.

In terms of stock performance, Muktinath Krishi Company Limited (MKCL) marked the highest gain, hitting the positive circuit with a 10% increase.

On the contrary, Ganapati Laghubitta Bittiya Sanstha Limited (GMFBS) faced the steepest decline, falling by 9.94%.

Analyzing sector indices, six sectors ended in the red. The Manufacturing and Processing Index led the gains with a 2.16% increase, while the Banking sector experienced the highest loss, declining by 1.23%.