NEPSE: Market bounces back following volatility

NEPSE

Kathmandu, March 6

The NEPSE stock market saw fluctuations throughout the day.

The market went up 117-point on Monday and a subsequent 70-point fall on Tuesday.

Despite the volatility, NEPSE saw an increase in the last 20 minutes, closing the day with a gain of 9.33 points compared to the previous day, reaching 2,017.03 points.

At 1 pm, NEPSE peaked at 2,036 points. Total trade volume for the day amounted to Rs 3.45 billion, while turnover stood at Rs 4.11 billion on Tuesday.

Of the 248 companies listed, the value of 175 increased, 62 decreased, and 11 remained stable. The Finance group saw the highest increase by 1.68 per cent.

Notable increases were observed in Development Bank by 5.18 points, Finance by 30, Hotel and Tourism by 44, Hydropower by 23, Manufacturing by 54, Microfinance by 25, Life Insurance by 29, Others by 19, and Trading by 36.

However, the Banking and Life Insurance groups experienced declines of 1.1 per cent and 2.5 per cent, respectively.

The post NEPSE: Market bounces back following volatility appeared first on OnlineKhabar English News.

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