KATHMANDU: The Nepal Stock Exchange (NEPSE) experienced fluctuations throughout the day on Tuesday, with an unexpected upward movement in the market as it closed higher than anticipated.
The market rose by 1.73 percent, reaching an index of 2,671.80 points, despite concerns over the undecided appointment of Nepal Rastra Bank’s next governor following the completion of Maha Prasad Adhikari’s term. The slight rise was a welcome relief for investors amid market speculation.
A total of 16,43,469 shares, valued at 5.3 billion 95 million 69 thousand rupees, were traded during the day. While share prices of 121 companies increased, 123 companies saw a decrease in their stock prices. No company’s stock price remained stable.
Out of the 13 trading groups, 6 showed an increase, with the manufacturing and processing group showing the highest rise at 1.83 percent, reaching 7,059.57 points. In contrast, the commercial banking group had the smallest increase at just 0.02 percent, reaching 1,364.33 points.
The finance group rose by 0.92 percent, microfinance by 0.16 percent, non-life insurance by 0.71 percent, and the trading group by 0.91 percent. However, the mutual fund group saw a slight decrease of 0.07 percent.
Other groups such as development banks, hotel and tourism, hydropower, investment, and life insurance also posted gains, contributing to the market’s positive close for the day.
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