December 20: The Nepal Stock Exchange (NEPSE) Index experienced significant surge, climbing by 35.39 points or 1.68% and concluding at 2141.87 points on the fourth trading day of the week on Wednesday.

During today’s trading session, a total of 306 scrips were traded in 111,723 transactions, involving 19,963,604 traded shares, resulting in a total turnover of Rs 7 billion.

Shivam Cements LTD (SHIVM) took the lead in turnover, amounting to Rs 37 crores, closing at a market price of Rs 613 per share.  Eleven companies, including Bottlers Nepal Limited (BNL), NRN Infrastructure and Development Limited (NRN), and Nepal Republic Media (NRM), each witnessed a 10% gain, triggering a positive circuit for the day.

Contrarily, Kumari Dhanbriddhi Yojana (KDBY) experienced the highest decline at 3.82%.  In terms of sector indices, all sectors closed in the green zone, except for Hotels and Tourism Index and Non-Life Insurance.

 The Manufacturing and Processing sector posted the highest gain at 7.15%, while the Development Bank Index registered the least gain at 0.14%. On the other hand, Non-Life Insurance incurred a slight loss at 0.08%.

Market participants and analysts attribute the upward trajectory of the stock market to the positive sentiment among investors.

According to one investor, the impact of declining bank interest rates and excess liquidity in the banking system is responsible for the upsurge in the stock market.