After falling for three straight trading days, the Nepal Stock Exchange (Nepse) finally moved up on Tuesday. The benchmark index rose by 3.21 points compared to the previous day, closing at 2,565 points.
The market was weak during the early hours of trading and remained down until around 1:30 PM, but later recovered in the afternoon session.
Out of all listed companies, the share prices of 142 went up, 102 went down, and 10 remained unchanged. However, the overall trading volume dropped. The total turnover stood at Rs 3.62 billion, down from Rs 4.51 billion on the previous day.
Sector-wise performance showed mixed trends. Most sector indices moved less than 1%. The banking index rose by 0.07%, hydropower by 0.77%, life insurance by 0.57%, manufacturing and processing by 0.33%, non-life insurance by 0.50%, and trading by 0.69%.
Meanwhile, other sectors like microfinance slipped by 0.05%, investment by 0.29%, hotels and tourism by 0.38%, finance by 0.61%, and development banks by 0.47%.
Four newly listed companies saw their share prices surge by 10%. These include Bandipur Cable Car, Mabilung Energy, Sagar Distillery, and Bungad Hydropower.
Among other top gainers, Daramkhola Hydropower rose by 6.88%, Eastern Hydropower by 6.29%, and Swastik Laghubitta by 4%. City Hotel, on the other hand, saw the biggest drop of the day with its price falling by 4.96%.
The most actively traded companies of the day were Sahas Urja, Radhi Bidyut, NRN Infrastructure, Shivam Cement, and Synergy Power.
