KATHMANDU: The Nepal Stock Exchange (NEPSE) index, which had remained under correction on Monday and Tuesday, halted the downward trend on Wednesday.
After plunging by 42.58 points on Tuesday, the benchmark index gained a modest 5.38 points on Wednesday to close at 2,731.89 points, up from 2,726.51 points in the previous session.
Despite the marginal rise in the index, total trading turnover declined compared to the previous two days. Trading volume, which had crossed Rs 16 billion on Monday, slipped to around Rs 14 billion on Tuesday and further fell to Rs 11.49 billion on Wednesday.
However, consistent daily turnover above Rs 10 billion in recent days indicates that election-related market enthusiasm remains intact.
On Wednesday, share prices of 141 companies advanced, while 112 declined. The share prices of seven companies remained unchanged.
Among sectoral indices, the finance sub-index rose by 1.24 percent, while the hydropower index climbed 0.99 percent. In contrast, the investment sub-index declined by 0.16 percent and the microfinance index fell by 0.14 percent.
Comment