KATHMANDU:  Nepal Stock Exchange (NEPSE) which had seen course correction and had been rising steadily since Thursday has met another course correction on Tuesday after a 144-point rise.

Today, the market is on a downward trend again.

According to the NEPSE sources, the stock market index measuring share turnover fell by 10.78 points to 2936.66 points today (Tuesday). Nepse has declined by 0.37 percent. Meanwhile, the Sensitive Index rose by 1.10 points to 547.46 points.

A total of 16 million 4,530 shares of 224 companies were traded at a turnover of Rs 8.44 billion today.

NEPSE Statistics showed that out of the total 13 subgroups traded, shares of 4 subgroups increased while shares of the remaining 9 subgroups declined.

Api Power Company Limited had the highest turnover on Tuesday. The company had a turnover of Rs 28 crore 11 lakh 39 thousand.

However, the investors in Samling Power Company Limited made the highest profit on Tuesday. The company’s share price has risen 9.49 percent to Rs 649.30.

The share price of Manushi Microfinance Financial Institution Limited has declined the most today. The company’s share price fell 5 percent to Rs 1,540 per share.

Experts regard Tuesday’s decline in NEPSE index as an impact of natural course correction and are optimistic of the surges soon as the high level political coordination committee of the ruling alliance have agreed to hold local level election in Baishakh.