KATHMANDU: The Nepal Stock Exchange (NEPSE) index surged to 2025.71 points in mid-April 2024, marking a notable increase from 1934.48 points recorded in mid-April 2023.
Concurrently, the stock market capitalization reached Rs. 3212.01 billion in mid-April 2024, showing a significant rise from Rs. 2818.61 billion in the same period last year.
The number of companies listed at NEPSE reached 272 by mid-April 2024, compared to 248 in mid-April 2023.
Among these listings, 134 belong to Bank and Financial Institutions (BFIs) and insurance companies, 91 are hydropower companies, 22 are manufacturing and processing industries, 7 are hotels, 7 are investment companies, 4 are trading companies, and 7 fall under other categories.
BFIs and insurance companies dominated the stock market capitalization with a share of 57.1 percent in mid-April 2024.
Hydropower companies followed with a share of 14.9 percent, while investment companies held 7.3 percent, manufacturing and processing industries secured 7.1 percent, hotels claimed 2.9 percent, trading companies had 0.5 percent, and other companies collectively held a share of 10.2 percent.
In terms of shares listed, the paid-up value of 8.27 billion shares listed at NEPSE stood at Rs. 819.54 billion in mid-April 2024.
Securities worth Rs. 122.21 billion were listed during the nine months of 2023/24, comprising ordinary shares worth Rs. 84.99 billion, bonus shares worth Rs. 19.40 billion, right shares worth Rs. 17.79 billion, and Follow-on Public Offerings (FPO) worth Rs. 30.23 million.
The Securities Board of Nepal approved the total public issuance of securities worth Rs. 24.78 billion during the review period.
This included ordinary shares worth Rs. 9.80 billion, debentures worth Rs. 6.02 billion, right shares worth Rs. 5.46 billion, and mutual funds worth Rs. 3.50 billion, signaling a dynamic and growing market.
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