The Nepal Stock Exchange (Nepse) index extended its winning streak for the third consecutive session on Tuesday, climbing 62.29 points to close at 2,571.34 — its highest level in more than a month.
The 2.48% jump also marked the largest single-day gain since September 21, when the benchmark index had soared by 111.70 points.
The market opened on a bullish note, with the index immediately taking a green trajectory as trading began. Although minor pullbacks occurred during mid-session, investor sentiment remained upbeat throughout the day. The benchmark hit an intraday high of 2,576.24 points before trimming some gains toward the close.
The Nepse index had closed at 2,672.25 points on September 8 — the first day of the Gen Z protests. The widespread destruction of public and private property, followed by a change in government, on September 8 and 9 weighed heavily on investor sentiment. As a result, the benchmark index slipped below the 2,500-point mark by October 16. However, Tuesday’s rally indicates that investor confidence has rebounded as the situation gradually returns to normal.
Trading activity also surged sharply on Tuesday, as total turnover nearly doubled to Rs 4.5 billion compared to the previous session. Both trading volume and total transactions saw significant increases, reflecting renewed confidence among investors after weeks of subdued trading.
Out of the traded securities, prices of 236 companies advanced, while only 12 declined and two remained unchanged. The widespread buying interest across sectors suggested that investors were positioning themselves ahead of potential corporate announcements and broader market recovery signals.
Himalayan Power Partners Ltd topped the turnover chart, with Rs 249.46 million worth of shares changing hands. Union Hydropower Ltd followed closely with Rs 232.26 million in turnover, while Radhi Bidyut Company secured the third spot with Rs 219.88 million. The prominence of hydropower stocks underscored the sector’s ongoing appeal among retail and institutional investors.
Sector-wise, all but one of Nepse’s 13 sub-indices ended in the green. The Development Bank sub-index led the rally with a robust 4.44% gain, followed by the Hydropower and Investment sub-indices, which rose 3.9% and 3.55%, respectively. The market heavyweight Banking sub-index also added 1.92%, supporting the overall upward momentum. The only laggard was the Trading sub-index which went down by 0.76%.
The back-to-back gains — the first such streak since August 27 — have lifted investor morale, suggesting that the market may be entering a short-term consolidation phase and breach the 2,600-point mark.
With turnover expanding and broad-based participation returning, traders say Nepse’s next test will be sustaining momentum amid possible profit-booking pressures in the sessions ahead.
