Kathmandu, December 17
Nepal’s stock market index, NEPSE, rebounded by nearly three points (0.11%) on Tuesday to close at 2,633.87 after significant drops on Thursday and Monday. NEPSE had fallen by 1.23% on Thursday and nearly 2% on Monday, marking a difficult start to the trading week.
While Tuesday’s recovery showed signs of stabilization, the growth remained modest. Trading volume also decreased significantly, with only Rs 4.34 billion worth of shares traded, compared to approximately Rs 6 billion in the previous two sessions.
Investor sentiment appeared cautious amid concerns over potential political instability. Of the 12 sub-indices traded, seven saw marginal gains, while five declined. None experienced movements exceeding 1%.
The Finance sub-index registered the highest gain at 0.87%, while the Development Bank sub-index dropped by 0.65%, the steepest decline for the day.
Notably, the shares of Support Microfinance and Janaki Finance hit their upper circuit limits, with Janaki Finance leading in trade volume.
Meanwhile, shares of Kutheli Bukhari Small Hydropower, which had surged to Rs 3,300 on Monday with a positive circuit, hit a negative circuit on Tuesday, falling to Rs 2,970. The limited supply of shares raised concerns over potential market cornering.
On Tuesday, the share prices of 117 companies rose, while an equal number saw declines. The prices of 10 companies remained unchanged.
