The stock market has broken yet another historical record.
The NEPSE index has risen 32.81 points. NEPSE reached a new high of 2820 points on Sunday. This is the highest point NEPSE has ever reached.
According to Nepal Stock Exchange Spokesperson Murahari Parajuli, the market, which has reached a record high, also set two new records on Sunday: a record-high total trading volume during the day and a record-high total market capitalization.
On Sunday, more than 25.163 million shares were traded in the market. This is also a first. Last Thursday, a record 25.121 million shares were traded. In terms of trading volume, today’s market has broken the record.
On Sunday, shares worth more than Rs 12 billion were bought and sold. It is also the site of the second-largest transaction amount. The previous record was Rs 11.95 billion.
Today, development banks and finance groups have benefited and are profitable.
As the sub-indices of these groups rose in value, investors in some of the weaker companies benefited as well. The NEPSE index fell by around 50 points less than 10 minutes after trading began on Sunday. Since then, the index has increased by 32.81 points to 2,820.
According to analysts, the increase in liquidity in the banking system, the influx of investments from other sectors due to persistent sanctions, and declining bank interest rates all contributed to Sunday’s record-breaking growth.