NEPSE extends upwards momentum with 28 points gain, hydropower stocks lead rally

The stock market extended its gains on Monday, with the NEPSE index rising 27.85 points, or 1%, to close at 2,786.35, its highest level since April 27.

The market stayed in the green throughout the trading session, supported by gains across all sectors except mutual funds, which slipped 0.20%. The hydropower sector led the rally with a 1.50% jump, followed by manufacturing and processing, hotels and tourism, non-life insurance, and microfinance.

Investor activity also strengthened significantly. Daily turnover climbed to NRs 5.98 billion, up from around NRs 4.27 billion in the previous session, marking the highest trading value since mid-April. A total of 14.54 million shares of 342 securities were traded during the day.

Share prices of 235 companies advanced, while 28 declined and seven remained unchanged.

Hydropower companies dominated both gainers and turnover charts. Three Star Hydropower posted the day’s highest gain, surging 9.01% to NRs 605 per share. Super Khudi Hydropower rose 8.32%, while Upper Hewakhola Hydropower, Maya Khola Hydropower, and Ridgeline Energy also recorded notable gains.

On the losing side, Bungal Hydropower dropped 10.32%, while Crest Micro Life Insurance fell 5.55%.

In terms of turnover, Ankhu Khola Hydropower led trading with shares worth NRs 602 million exchanged at NRs 418 per share. Other actively traded stocks included Ridi Power, API Power, National Hydropower, and Ngadi Group Power.