KATHMANDU: Nepal Stock Exchange (Nepse) index snapped a two-day losing run to post a nominal gain of 13.18 points to close trading at 1,864.62 points on Tuesday.
The benchmark index had lost more than 90 points over the past trading session reflecting gloom on the secondary market. The losing run has prevented investors from booking profit ahead of the Dashain festival.
The market opened for trading and immediately hit the green trajectory to reach an intra-day high of 1884.68 points. The benchmark index erased some gains as the session progressed to eventually end the day 0.71% higher.
Share prices of 173 companies advanced on the day, while 57 declined and seven remained unchanged.
Three trading groups ended the day in green, while 10 ended the day higher. The maximum gains came from the Finance sub-index, which was up by 1.3%. Next on the list were Banking Mutual Fund sub-indices, which were up by 1.1% and 1.06%, respectively. The Trading sub-index logged the highest loss of 1.25%.
Hathway Investment Nepal Limited, which saw its share price tumble by 8.53%, recorded the highest turnover of the day as Rs 46.27 million worth of its shares were traded on the bourse. Following closely were Sanima GIC Insurance Ltd and NIC Asia Bank with turnovers of Rs 43.39 million and Rs 29.81 million.
Shares worth Rs 1 billion were traded on the secondary market through 45,456 transactions.