January 14: The Nepal Stock Exchange (NEPSE) displayed remarkable growth, surging by 31.62 points or 1.51%, ultimately closing at 2120.62 on the first trading day of the week on Sunday.

During today’s trading session, 314 scrips were traded through 94,526 transactions. A significant volume of 16,605,234 shares changed hands, with the total turnover of Rs 5.45 billion.

The Nepal Reinsurance Company Limited Promoter Share (NRICP) took the lead in turnover with transactions amounting to Rs 35 crores.

In terms of performance of individual stocks, five companies including Himalayan Power Partners Limited (HPPL) and Kalika Power Company Limited (KPCL) stood out by each gaining 10% and hitting the positive circuit for the day.

Conversely, Mega Mutual Fund-1 (MMF1) experienced the most significant loss, decreasing by 9.53% and closing at a market price of Rs 7.50 per share.

In terms of sector performance, all sectors, except for Hotels and Tourism Index and Trading Index, closed in positive territory. The Hydropower Index demonstrated the highest gain at 4.58%, while Nonlife Insurance saw a minimal gain of 0.01%. On the flip side, the Trading Index incurred the highest loss at 0.94%.

Investors and analysts attributed the continuous rise in the stock market to declining banking interest rates.