NEPSE rises by 47 points despite two circuit breakers

KATHMANDU: The Nepal Stock Exchange (NEPSE) significantly surged on Tuesday, the third trading day of the week.

The market hit a positive circuit breaker just one minute after opening, causing a 20-minute halt.

Upon reopening, it hit a second circuit breaker.

After these interruptions, the stock market settled at 47.04 points by the end of the day.

The NEPSE index increased by 2.29 percent, reaching the 2100 mark.

Today, the share prices of 227 companies rose, while 17 companies declined.

The highest trading volume was seen with NRN Microfinance, which recorded transactions worth Rs 123.3 million.

Goodwill Finance followed with trades worth Rs 111 million, and United Erdi Mardi saw trades amounting to Rs 106.9 million.

In total, 315 companies saw 60,720 transactions, with 11.64 million shares traded, resulting in a total transaction value of Rs 4.577 billion.

The enthusiasm for a potential government change has positively impacted the stock market.

The surge is attributed to the news of a new coalition government forming between the CPN-UML and the Nepali Congress.