KATHMANDU: After three consecutive days of decline, the Nepali stock market showed signs of recovery on Monday.
The NEPSE index increased by 8.62 points, closing at 2,867 points.
The market had fallen by a total of 144 points over the past three sessions, dropping from a high of 3,002 points last Tuesday to 2,858 points on Sunday.
Despite the rise in the index, trading volume decreased to Rs 10.82 billion from Rs 13.07 billion the previous day. Among 250 listed companies, prices of 140 shares rose, while 110 declined.
Sector-wise, banking stocks gained 0.68%, life insurance rose 0.43%, microfinance went up 0.56%, and hydropower increased by 0.09%. Meanwhile, hotel and tourism stocks fell 0.39%, development banks dropped 0.06%, other sectors declined 0.42%, manufacturing and processing decreased by 0.21%, non-life insurance fell 0.53%, and finance sector declined 0.82%.
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