Himal Press 
Representative image created by AI
KATHMANDU: The Nepal Stock Exchange (Nepse) index rebounded strongly on Wednesday, gaining 45.12 points after posting a nominal loss of 2.65 points in the previous session. With the gain, Nepse breached and closed above the psychological 2,800-point level for the first time since March 31.
The benchmark index closed at 2,802.52 points, up 1.63%, as broad-based buying lifted the market. The index, which opened trading at 2,782.18 this week, has gained 20.34 points so far, following a volatile spell in which it plunged by 105.5 points on Sunday before rebounding by 83.33 points the next day.
Although the index remained more or less flat for the first two hours, it posted strong gains thereafter and maintained momentum throughout the session. Unit prices of 251 scrips advanced during the session, while 15 declined and two remained unchanged. Total turnover improved to Rs 8.31 billion, up from Rs 6.06 billion in the previous session. A total of 18.81 million units changed hands through 98,162 transactions on Wednesday.
Share prices of four scrips hit the 10% positive circuit, while four others saw their prices go up by above 9%. SY Panel (Nepal) Ltd led the turnover chart with transactions worth Rs 468.18 million. Reliance Spinning Mills Ltd and Shivam Cements Ltd were next with turnovers of Rs 421.66 million and Rs 372.04 million, respectively.
All sectoral indices ended the session in the green. The biggest gain came from the Investment sub-index, which was up 3.87%. Next were Hydropower and Hotels & Tourism sub-indices with gains of 2.61% and 2.56%, respectively.
