Fiscal Nepal
First Business News Portal in English from Nepal
KATHMANDU: Nepal’s stock market rebounded on Tuesday after falling for three consecutive trading days. The NEPSE index rose by 3.21 points, closing at 2,565.
The market, which opened lower and remained weak until around 1:30 PM, recovered later in the session. Out of the traded companies, 142 saw share price gains, 102 declined, and 10 remained unchanged. Despite the index recovery, trading volume decreased, with total turnover falling to Rs 3.62 billion, compared to Rs 4.51 billion on the previous trading day.
Sector indices showed a mixed performance, with most sector movements staying within a 1% range.
Gainers: Banking (+0.07%), Hydropower (+0.77%), Life Insurance (+0.57%), Manufacturing & Processing (+0.33%), Non-life Insurance (+0.50%), and Trading (+0.69%).
Decliners: Others (-0.67%), Microfinance (-0.05%), Investment (-0.29%), Hotels & Tourism (-0.38%), Finance (-0.61%), and Development Banks (-0.47%).
Four companies—Bandipur Cablecar, Mabilung Energy, Sagar Distillery, and Bungad Hydropower—hit the 10% upper circuit, all of them being recently listed firms.Other notable gainers included Daramkhola Hydropower (+6.88%), Eastern Hydropower (+6.29%), and Swastik Microfinance (+4%).
Meanwhile, City Hotel recorded the sharpest decline of the day, sliding 4.96%.
Among the most actively traded stocks were Sahas Urja, Radhi Bidyut, NRN Infrastructure, Shivam Cement, and Synergy Power.
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