August 11: The Nepal Stock Exchange (NEPSE) experienced significant growth on Sunday, with the index rising by 94.46 points (3.41%) to close at 2,860.84.

Today’s surge on the secondary benchmark index was accompanied by a record turnover of Rs 25.77 billion, marking a historic day for the market.

Market experts and seasoned investors attributed this substantial rise to positive investor sentiment following the formation of a coalition government by the Nepali Congress and CPPN-UML.

 Additionally, the excess liquidity in the banking system and renewed enthusiasm among investors contributed to the market's strong performance. During today’s trading session, 330 scrips were exchanged through 275,207 transactions on NEPSE.

A total of 60,321,323 shares were traded, resulting in the record turnover of Rs 25.77 billion. Himalayan Reinsurance Limited (HRL) led in turnover, with transactions amounting to Rs 1.52 billion.

Meanwhile, nine companies, including National Hydropower Company (NHPC), Upper Tamakoshi Hydropower Limited (UPPER), and Nerude Mirmire Laghubitta Sanstha Limited (NMLBBL), each saw their shares gain 10%, hitting the upper circuit limit for the day.

Conversely, Kutheli Bukhari Small Hydropower Limited (KBSH) experienced the day's steepest loss, declining by 10% to close at Rs 2,453 per share. The Sensitive Index increased by 3.76%, while the Float Index and Sensitive Float Index rose by 3.53% and 3.56%, respectively.

 All sector indices closed in the green, with the Microfinance Index recording the highest gain of 4.53%, while the Mutual Fund Index posted the smallest increase at 0.01%.