KATHMANDU: The downward trend of the Nepal Stock Exchange (NEPSE) index continued on Tuesday. After shedding 3.07 points on Monday, the index plunged by a further 42.58 points on Tuesday.
Despite fluctuations in the index in recent days, trading volume has remained relatively high, indicating sustained market interest and investor enthusiasm.
With the election atmosphere intensifying across the country, increased investor participation has supported higher trading volumes. While the total turnover had crossed Rs 16 billion on Monday, it declined slightly to around Rs 14 billion on Tuesday.
The NEPSE index opened at 2,769.09 points on Tuesday but closed at 2,726.51 points after losing 42.58 points by the end of trading.
According to NEPSE, the overall market turned negative as share prices of 224 companies declined during the session.
Among the sectoral indices, banking fell by 21.09 points, development banks by 59.98 points, finance by 64.50 points, investment by 1.83 points, life insurance by 249.66 points, microfinance by 73.14 points, non-life insurance by 199.41 points, others by 48.22 points, and trading by 19.60 points.
Similarly, hotel and tourism declined by 147.88 points, hydropower by 50.80 points, and manufacturing and processing by 134 points. However, the mutual fund index remained unchanged despite active trading.
On Tuesday, share prices of 34 companies increased, while prices of two companies remained unchanged.
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