KATHMANDU, March 31: The secondary market rebounded in double digits on Tuesday after falling for two consecutive days following the formation of the new government. The index, which initially dipped at the start of trading, closed up by 19.70 points.
Earlier this week, the market had declined by a total of 118 points. On Tuesday, the Nepse index reached 2,851.09 points, driven by gains in mutual funds and other subgroups.
Nepse marginally lower in week after last session recovery
Among the subgroups, the Production and Processing sector saw the highest rise, increasing by 1.94%. Out of the listed companies, 190 saw their share prices increase, with six hitting the positive circuit. Reliance Spinning Mills, Bhujung Hydropower, Super Khudi Hydropower, Ridge Line Energy, Hotel Forest Inn, and Suryakunda Hydropower each gained 10 percent.
A total of Rs 1.111 billion worth of shares were traded, with Ridi Power leading at Rs 48.48 million. Other notable trades included API Power at Rs 40.38 million and NRN Infrastructure & Development at Rs 37.87 million.
Meanwhile, 63 companies experienced a drop in share price, and nine remained unchanged. Among the decliners, Saptakoshi Development Bank saw the largest fall of 8.96 percent.
