The Nepal Stock Exchange (NEPSE) demonstrated continued upward momentum, achieving a notable gain of 2.52% in its benchmark index.

Continuing its upward trend, the Nepal Stock Exchange (NEPSE) reached a significant milestone by surpassing the 2,400-point mark on Thursday marking a noteworthy milestone. By the end of the trading day, the index had increased by 59.68 points, or 2.52%, from the previous session. It had closed at 2,424.32 points. 

On Thursday, the Nepal Stock Exchange (NEPSE) experienced a substantial increase in its daily intraday turnover, reaching Rs 15.5 billion. This turnover was driven by the exchange of 39,938,237 units of shares from 312 companies, facilitated through a total of 184,712 transactions conducted throughout the trading day. This surge in turnover marks a notable rise compared to the previous day's turnover of Rs 12 billion, indicating heightened trading activity and increased liquidity in the market.

On Thursday, the class 'A' stock-evaluating sensitive index had a noteworthy 3.90% increase as the benchmark index continued to rise. The float index, which tracks shares that are actively traded, also experienced a significant increase at the same time, rising by 2.88%. 

Overall, the market today showed a largely upward trend, with the financial and hydropower industries showing some significant outliers. The financial industry had a decrease in performance today after seeing a notable rise of 5.50% on Wednesday. In a similar vein, the hydropower industry, which had led the advances earlier in the week with a noteworthy increase on Tuesday, had a decrease of 1.71% on Wednesday and is again in the negative.

In today's market, while the finance and hydropower sectors faced declines, all other sectors recorded gains, contributing to an overall positive sentiment on the Nepal Stock Exchange (NEPSE). Here's a breakdown of the sectoral performances:

Banking Sector: Led the surge with a substantial increase of 6.28%.

Microfinance Sector: Gained 2.77%.

Development Bank Sector: Gained 1.31%.

Life Insurance Sector: Gained 1.29%.

These advances in a variety of sectors demonstrate the bullish momentum that has been present throughout today's trading session. The market's overall elevation was mostly attributed to the banking sector's good performance.

In today's trading session on the Nepal Stock Exchange (NEPSE), individual stocks demonstrated a diverse range of performances:

Advances: The stock prices of 143 firms increased, a sign of the market's favorable opinion of these organizations.

Declines: The stock prices of 95 companies decreased, indicating difficulties or profit-taking in certain industries.

Unchanged: 5 companies maintained stable stock prices, suggesting stability in their valuation amid market fluctuations.

Notably, five companies stood out with substantial gains of 10% each:

NIMB

NFS

AKJCL

ULBSL

TSHL

These companies' significant gains highlight strong investor interest and positive market sentiment towards their respective sectors or business operations.