NEPSE rebounds by 1.99%, daily turnover drops to Rs 4.8 billion
KATHMANDU: Following two days of losses, the Nepal Stock Exchange (NEPSE) index recovered on Tuesday, finishing at 2,519.57, up 49.18 points (1.99%). Nonetheless, daily transactions fell from Rs 5.6 billion on Monday to Rs 4.8 billion, indicating that investor caution continued even as the market recovered. 69,418 trades totaling 12.49 million shares from 327 companies were completed.
Despite the market rebound, investor caution was reflected in the reduced turnover, with weaker activity continuing. The Sensitive Index dropped by 1.78%, and the Float Index saw a dip of 2.10%. Most sectors showed gains, but the overall trading volume pointed to subdued confidence among investors.
The Finance Industry led the sectors increases, with hotels and tourism close behind at 3.50%. Development banks climbed by 2.75%, while the hydropower industry expanded by 2.60%. The Mutual Fund sector was the only one to lose money, down 0.01%.
Individual stock performance showed 223 gains, 18 losses, and 3 stable. Five of the top-performing companies saw their share values increase by 10%: Wean Nepal Laghubitta, Nyadi Hydropower, Unique Nepal Laghubitta, Sagarmatha Jalbidhyut, and Three Star Hydropower.
Despite indications of a recovery in the NEPSE index, investors remain cautious as seen by the continuous fall in turnover. The market capitalization as of the closing of trading was Rs 4.0068 trillion.