The Nepal Stock Exchange (NEPSE) continued its bullish trend for the third consecutive day, closing at 2,693.12, up by 29.82 points (1.11%). This sustained upward momentum reflects growing investor confidence following a sluggish phase earlier in the month.

Market Performance & Turnover

The total turnover saw a significant jump to NPR 7.57 billion, compared to NPR 5.13 billion on Thursday. This surge in traded volume highlights increasing market participation and renewed buying interest. The market opened at 2,661.63, reached an intraday high of 2,718.63, and recorded a low of 2,658.51, showing notable volatility but maintaining an overall positive sentiment. Out of 323 scrips traded today, 222 stocks advanced, 22 declined, and the rest remained unchanged, indicating a broad-based rally.

Sectoral Performance

Investment emerged as the top performer, gaining 2.18%, followed by Others and Finance indexes, which rose by 2.08% and 2.01%, respectively. However, the Trading subindex suffered the most, declining by 0.26%, while the Mutual Fund subindex also struggled, decreasing by 0.15% today. Over the previous two market days, the Mutual Fund subindex had been the lowest-performing one.

Top Gainers & Losers

In terms of individual stock performances, Joshi Hydropower Company led the gains with a rise of 9.94%, closely followed by Dordi Khola Jalabidhyut Company at 6.59%. On the flip side, Prabhu Smart Fund emerged as the biggest loser, dropping by 5.79%, followed by Sayapatri Hydropower Limited, which declined by 3.89%.

Most Traded Stocks

The highest turnover for the day was again dominated by HRL, followed by NRIC, reflecting the ongoing investor interest in these stocks.

Market Capitalization & Outlook

With market capitalization reaching NPR 4.47 trillion, the positive momentum signals strong investor optimism.

Looking at the technical perspective, the index currently has a support level around 2,650, while resistance is seen at 2,720. If the index sustains above 2,700, further upward movement could be expected. However, profit-booking near resistance levels could lead to short-term pullbacks.

Conclusion

NEPSE’s ongoing bullish streak suggests increasing investor confidence, with liquidity and sectoral strength playing key roles. However, traders should watch out for upcoming economic updates and market triggers that could influence momentum in the days ahead.