Market climbs by 4.12 points, turnover amounts NRs 4.68 billion

The Nepal Stock Exchange (NEPSE) climbed by 4.12 points (0.16%) to close at 2,599.93 on Tuesday, sustaining its modest upward momentum, following a 4.01 points rise on Monday. 

The market turnover amounted to NRs 4.68 billion, an increase  of NRs 0.29 billion (6.58%) compared to Monday. 

A total of 351 scrips and 13,553,097 shares were traded. 

Among the sectoral indices, the life insurance index gained 206.43 points (1.78%), followed by the non life insurance by 50.54 points (0.54%), the bank sub index by 10.65 points (0.69%). Meanwhile, the manufacturing and processing index declined by 42.82 points (0.40%), the hotel index by 40.12 points (-0.58%), the hydropower index by 15.75 points (-0.45%), and the finance index by 6.79 points (-0.31%).

Sagarmatha Jalabidhyut emerged as the top gainer, rising by 12.44% to close at NRs 443, followed by Nepal Life Samriddhi Lagani Yojana which gained 4.63% to close at NRs 9.27 and NIC Asia Growth Fund-2 with 4.57% to close at NRs 9.15. 

On the losing side, Snow Rivers recorded the largest decline by 15%, closing at NRs 849.40, followed by Dhaulagiri Laghubitta Bittiya Sanstha, which fell by 12.87% and closed at NRs 1,097 and NIC Asia Select-30 with 5.23% at NRs 8.15. 

Ghalemdi Hydro recorded the largest turnover amounting to NRs 364.78 million followed by Mountain Energy Nepal at NRs 259.74 millions, Kumari bank at NRs 253.78 million.