August 12: The Nepal Stock Exchange (NEPSE) continued its bullish trend on Monday, gaining 70.81 points, or 2.47%, to close at 2931.65. This marks a record turnover of Rs 27.42 billion on the second trading day of the week.

The market's recent surge is attributed to renewed investor confidence, driven by positive sentiments from the Prime Minister, Finance Minister, and the flexible monetary policies of Nepal Rastra Bank.

 Analysts and seasoned investors have highlighted these factors as key contributors to the sustained growth in NEPSE.

During Monday’s trading session, 339 stocks were exchanged in 283,047 transactions, amounting to a total of 64,876,217 shares traded. Himalayan Reinsurance Limited (HRL) topped the turnover chart with transactions totaling Rs 1.22 billion.

Seven companies, including Himalayan Life Insurance (HLI), Rasuwagadhi Hydropower Limited (RHL), and Joshi Hydropower (JOSHI), each saw their shares hit the upper circuit limit, gaining 10%.

 On the flip side, Kutheli Bukhari Small Hydropower Limited (KBSH) experienced the steepest decline, dropping 10% to close at Rs 2208.10 per share.The Sensitive Index rose by 2.10%, while the Float Index and Sensitive Float Index both increased by 2.47%.

Sector-wise, all indices closed in the green, except for the Investment Index and Manufacturing and Processing Index. The Life Insurance sector led the gains with a 5.85% increase, while the Mutual Fund Index saw the smallest gain at 0.93%.

The Manufacturing and Processing sector was the only one to decline, losing 1.19%.