Market turns volatile, dips but records NRs 21 billion turnover

The stock market witnessed volatility a day after trading was halted by positive circuit breakers when the market reopened following the House of Representatives election.

The market experienced a swing of nearly 100 points on Tuesday with the NEPSE initially hovering around 2,911 points shortly after the market opened. It however began to decline soon after, reaching as low as 2,796 points during mid-session trading.

By the end of the day, the index closed at 2,843.4 points, down 32.1 points from the previous close. On Monday, the index had surged by 162.9 points with three positive circuits.

However, trading activity surged, with daily turnover reaching NRs 21.5 billion, a seven-and-a-half month high. The last time the market recorded a higher turnover was on July 27 with transactions amounting to NRs 26.6 billion.

A total of 52,711,353 shares of 329 listed securities were traded during the day. Share prices of 78 companies increased, while 178 companies saw declines. The prices of five companies remained unchanged.