The NEPSE jumped sharply after news spread that the government decided to appoint a new governor for Nepal Rastra Bank. This long-awaited agreement between major political parties gave the market a fresh boost.
The NEPSE index rose by 49.09 points, an increase of 1.86%, reaching 2677 points. Despite this gain, total trading value slightly dropped to NPR 7.31 billion from the previous day’s NPR 7.35 billion.
Most sectors showed growth. The hotel and tourism group led with a 3.42% rise, followed by development banks, finance companies, hydropower, banking, and insurance sectors—all gaining between 1% to 3%. Five companies saw their shares soar by 10%, including Sindhu Development Bank and Rapti Hydropower.
Some companies also recorded notable gains like Matrubhumi Laghubitta and Manakamana Engineering Hydropower. On the downside, Vin Nepal Laghubitta’s share price fell by 3.09%, the largest drop today.
The appointment news revived investor confidence and sparked buying across the market, signaling positive sentiment for Nepal’s economy.
