The NEPSE market rebounded on Tuesday, gaining 19.70 points or 0.69 percent and closing the day at 2,851.09, following a steep two-day fall of 118 points.
While the market index is back on track, the turnover value of the NEPSE dropped to Rs 11.11 billion from Rs 12.96 billion in the previous session.
The stock exchange opened at 2,831.36 and varied throughout the trading session, reaching a high of 2,860.55 and a low of 2,788.84. The trading volume was 27.94 million shares of 339 companies, with 137,857 transactions. The stock exchange was somewhat sluggish during the first half, but later picked up pace.
The stock exchange indices for different sectors are mostly positive, with the manufacturing and processing sector gaining the most, 1.94%. Other sectors, such as finance, hotel and tourism, development banks, banking, hydropower, and insurance, also gained ground, although somewhat moderately. The “others” and mutual fund sectors, however, are down.
Among the most traded shares, Ridi Power Company Limited dominated the market with a turnover of over Rs 484 million. The other most active shares are Api Power Company Limited, NRN Infrastructure and Development Limited, SY Panel Nepal Limited, and Kumari Bank Limited.
Six companies, namely Reliance Spinning Mills Limited and Bhujung Hydropower Limited, recorded an upper circuit in the market trading session.
On the losing side, Saptakoshi Development Bank Limited lost the most, by 8.96%, probably because investors are booking profits from the previous gains. The mutual funds, namely NIC Asia Balanced Fund and NIBL Growth Fund, also lost value.
It is evident that the market is gaining positive momentum as indicated by the NEPSE index, but the fall in the turnover suggests that the market is still cautious.
Stay tuned to NepseTalk for the latest news.
लोड हुँदैछ...
0 Comments