KATHMANDU, MARCH 31
The Nepal Stock Exchange (NEPSE) index rose by 19.70 points, or 0.69 percent, on Tuesday to close at 2,851.09, ending a two-day losing streak.
The benchmark index had declined by over 118 points in the previous two sessions-falling 71 points on Sunday and a further 47 points on Monday-before posting a modest recovery today.
Along with the benchmark index, the Sensitive Index increased by 0.67 percent, while the Float Index gained 0.75 percent.
Sector-wise, most indices closed in the green, except Mutual Funds, which fell by 0.07 percent, and the Others sector, which declined by 0.55 percent. The Manufacturing and Processing sector led the gains with a 1.94 percent rise, followed by Finance (1.12 percent) and Hotels and Tourism (1 percent).
Despite the index gain, market turnover declined compared to previous sessions. Total turnover stood at Rs 11.11 billion, with 27,942,779 shares of 339 companies traded through 137,857 transactions. This compares to Rs 12.966 billion on Monday, while Sunday saw an intraday turnover of around Rs 15 billion.
At the end of the session, the total market capitalization stood at Rs 4.847 trillion. Out of total traded securities, 195 advanced, 63 declined, and nine remained unchanged.
Shares of Reliance Spinning Mills Limited (RSML), Bhujung Hydropower Limited (BJHL), Super Khudi Hydropower Limited (SKHL), Ridge Line Energy Limited (RLEL), and Hotel Forest Inn Limited (HFIN) hit the upper circuit limit of 10 percent.