Fiscal Nepal
First Business News Portal in English from Nepal
KATHMANDU: The domestic stock market witnessed a mixed but overall positive session on Tuesday, with the Nepal Stock Exchange (NEPSE) index rising 19 points to close at 2,851.
According to NEPSE, 195 listed companies recorded gains, while 63 declined and 9 remained unchanged during the trading day.
A total of 339 companies were traded, with over 2 crore shares changing hands, resulting in a total turnover of Rs 11.11 billion.
Heavy trading in energy and banking sectors
Ridi Power Company led the market in turnover, recording transactions worth around Rs 48 crore. Other major contributors included API Power Company with Rs 40 crore, NRNA Infrastructure with Rs 37.87 crore, SY Panel with Rs 37.46 crore, and Kumari Bank with Rs 35 crore.
Five companies hit 10% upper circuit
Five companies saw their share prices surge by 10%, hitting the upper circuit limit. The gainers included Reliance Spinning Mills, Bhujung Hydro, Super Khudi Hydropower, Ridi Line, and Hotel Forest.
Market analysts say increased activity in hydropower and manufacturing stocks contributed to selective buying pressure, even as the overall market remained volatile.
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