NEPSE Surges Over 75 Points as Insurance Stocks Propel Market Rally
Kathmandu — Nepal’s stock market ended the trading week with a remarkable upswing, as the NEPSE index jumped by 75.84 points to close at 2,870.63 on Thursday. The surge marks one of the strongest single-day gains in recent weeks, with much of the momentum driven by robust investor activity in the insurance sector.
Both life and non-life insurance companies were at the forefront of the rally, reflecting renewed investor confidence in the financial stability and prospects of the industry. According to the Nepal Stock Exchange (NEPSE), the life insurance sub-index climbed by 3.19 percent, while the non-life insurance sub-index posted a 2.40 percent gain, collectively positioning the insurance sector as the top performer of the day.
Government-owned Nepal Reinsurance Company Limited (Nepal Re) emerged as the strongest mover, with its share price soaring by 8.53 percent to Rs. 1,367.57.
Among life insurers, Nepal Life Insurance led the charge with a 4.52 percent rise in share value. Close behind were Citizen Life and Sanima Reliance Life, with gains of 3.94 percent and 3.44 percent, respectively. National Life, Himalayan Life, Reliable Nepal Life, Suryajyoti Life, and Asian Life all recorded gains exceeding 3 percent. Smaller but steady growth was also seen in other companies such as LIC Nepal, Prabhu Mahalaxmi Life, Crest Micro Life, IME Life, Sun Nepal Life, and Guardian Micro Life Insurance.
The non-life insurance segment also saw widespread positive movement. United Ajod Insurance recorded a strong performance with its share price climbing 4.29 percent, followed by Prabhu Insurance and Nepal Micro Insurance with gains of 3.47 percent and 3.43 percent, respectively. Nepal Insurance and IGI Prudential also saw notable increases. Meanwhile, Shikhar Insurance, Neco Insurance, RBCL, Himalayan Everest Insurance, and Salico contributed to the upward trend with modest but consistent gains.
Siddhartha Premier Insurance and Sanima GIC Insurance recorded more modest rises, while Himalayan Reinsurance Limited stood out with a strong 5.54 percent gain, further boosting confidence in the reinsurance segment.