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Market

NEPSE slips 9.24 points as trading turnover falls to NRs 4.85 billion

Photo: Corina Ciocirlan's Images
Photo: Corina Ciocirlan's Images

The market closed lower on Tuesday after two straight days of gains, with most sector indices declining and daily turnover dropping sharply from the previous session.

-the_farsight |

 

The benchmark NEPSE index fell by 9.24 points on Tuesday to close at 2,777.10, reversing gains made over the previous two trading sessions.

Market activity also slowed, with daily turnover declining to NRs 4.85 billion from NRs 5.98 billion recorded on Monday. A total of 11.87 million shares of 342 listed securities were traded during the session.

The broader market remained under pressure as share prices of 190 companies declined, while 69 companies advanced and 11 remained unchanged. Most sectoral indices ended lower, with the investment sector recording the sharpest drop of 0.69%. Only the non-life insurance and mutual fund sectors posted gains.

Among other sectors, banking fell by 0.24%, development banks by 0.48%, finance by 0.44%, hydropower by 0.38%, life insurance by 0.53%, microfinance by 0.56%, and manufacturing and processing by 0.47%.

Kalinchowk Hydropower was the day’s top gainer, with its share price jumping 9.23%. Kutheli Bukhari Small Hydropower rose 6%, while Trishuli Jal Vidhyut Company and Srijanshil Laghubitta also posted notable gains.

Super Khudi Hydropower recorded the steepest decline of the session, dropping 3.60%. Green Development Bank and Atmanirbhar Laghubitta also ended lower.

In terms of turnover, Ankhu Khola Hydropower led the market with transactions worth NRs 467.2 million. Ridi Power and Sahas Urja followed with turnovers of NRs 165.9 million and NRs 141.6 million respectively.

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