NEPSE rebounds with 19-point gain after two-day slump

On Tuesday, the NEPSE index rose by double digits. Earlier, the stock market had declined by 71.05 points on Sunday and 47.71 points on Monday, totaling a drop of 118.76 points over two days.

However, on Tuesday, NEPSE increased by 19.70 points to close at 2,851.09.

Despite the rise in the index, total trading turnover decreased compared to the previous day. While transactions worth NRs 12.96 billion were recorded on Monday, Tuesday saw trades worth NRs 11.11 billion, a decline of NRs 1.85 billion.

A total of 27,942,779 shares of 339 securities were traded on Tuesday.

Share prices of 195 companies increased, while 63 declined and nine remained unchanged.

Six companies hit the positive circuit limit. These include Ncell, Reliance Spinning Mills, Bhujung Hydropower, Ridge Life Energy, Super Khudi Hydropower, and Hotel Forest Inn, whose share prices rose by 10%. Similarly, Suryakunda Hydropower gained 9.97%.

Saptakoshi Development Bank recorded the highest decline, with its share price falling by 8.96% to NRs 954.40 per share.

Likewise, NIC Asia Balanced Fund dropped by 5.71% to NRs 9.98 per unit.

Ridi Power had the highest trading volume, with shares worth NRs 484.8 million traded at NRs 367.80 per share, which is a 3.21% decrease from the previous day.

API Power ranked second in trading volume, with transactions worth NRs 403.8 million at NRs 358.10 per share.

Out of the 13 sector indices traded, only the mutual fund and “others” groups declined, while all other sectors saw gains, pushing the overall market upward.

Among them, the manufacturing and processing sector recorded the highest increase of 1.94%.

After declining for two consecutive days following the formation of the new government, the stock market rebounded on Tuesday with a double-digit gain. Although the NEPSE index initially trended downward during trading hours, it ultimately closed 19.70 points higher.