The Nepal Stock Exchange (NEPSE) recorded a double-digit rise on Monday, gaining 12.91 points to close at 2,762.74 points.
During the day’s trading, the share prices of 143 listed companies increased, while 106 companies saw a decline. The total trading volume stood at NPR 5.10 billion, reflecting a modest turnover despite the index’s positive movement.
Market Volatility Continues
After three consecutive sessions of gains, NEPSE had closed last week on a weaker note. On Sunday, the index dropped by 31.18 points, settling at 2,749.83 points.
In the previous week, the market had shown mixed trends:
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Sunday – declined by 18.02 points
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Monday – increased by 21.30 points
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Tuesday – rose by 4.83 points
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Wednesday – surged by 53.01 points
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Thursday – slipped by 38.10 points
This fluctuating pattern has left investors cautious, with many adopting a “wait-and-watch” approach as the index struggles to maintain a strong upward trajectory.
Investors Eye Previous Highs
Analysts believe several market fundamentals are supporting a potential rally, but surpassing historical peaks remains challenging. Investors are closely watching for NEPSE to breach its all-time high of 3,199.03 points, achieved on Bhadra 2, 2078 BS (August 2021).
The index last crossed the 3,000-point mark on 31st July 2023, reaching 3,000.81 points, and again on 28th July 2024, when it touched 3,002.08 points. Since then, the market has experienced frequent fluctuations, struggling to sustain consistent gains.
For now, most traders remain cautious and observant, awaiting stronger momentum to drive the market towards new record highs.