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Market

NEPSE rebounds after four-day slide, trading volume declines

Photo: The7Dew | Getty Images
Photo: The7Dew | Getty Images

Index gains 8.78 points to close at 2,712.86 as hydropower stocks lead; turnover falls to NRs 3.43 billion

-the_farsight |

The stock market posted a modest recovery on Tuesday, ending a four-day losing streak as the NEPSE index rose by 8.78 points to close at 2,712.86.

The benchmark index climbed during intraday trading, reaching a high of around 2,725 before easing slightly by the close. Despite the upward movement, overall trading activity declined compared to the previous session.

Total turnover stood at NRs 3.43 billion, down from NRs 4.26 billion in the previous session. More than 7.7 million shares of 335 securities were traded.

A total of 162 companies saw their share prices increase, while 90 declined and 16 remained unchanged. The hydropower sector led the gains with a 1.02% rise, while banking, investment, life insurance, manufacturing, and other sectors also posted slight increases. However, development banks, finance, hotels and tourism, microfinance, non-life insurance, and trading sectors recorded losses.

Among individual stocks, Upper Lohore Khola Hydropower emerged as the top gainer, surging by 11.16%. Solu Hydropower and Dhaulagiri Laghubitta also posted notable gains. On the downside, Forward Microfinance fell the most, dropping by 9.31%, followed by Super Khudi Hydropower and Rawa Energy.

Solu Hydropower recorded the highest trading volume, followed by Reliance Spinning Mills, National Hydropower, Ankhu Khola Hydropower, and Palpa Cement. 

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