Himal Press 
KATHMANDU: The secondary market snapped a six-day losing streak on Tuesday, offering investors a brief respite after a week marked by sustained declines and weakening turnover.
The Nepse index, which broke its five-day winning run on November 30, had been sliding for six consecutive trading days. During the period, the benchmark shed a total of 69.35 points.
On Tuesday, however, the index closed 7.39 points higher at 2,614.07. Although the index moved into positive territory during early trading, climbing to an intraday high of 2,620.47 points, the momentum faltered soon after, raising concerns that the index would once again succumb to selling pressure. A late-session rebound, however, pushed the market firmly into the green.
Unit prices of 148 scrips advanced during the session, while 101 declined and nine remained unchanged.
But the day’s uptick came with a notable decline in overall participation. Total turnover dropped to Rs 3.75 billion, the lowest since November 19, when the bourse had recorded a turnover of Rs 3.73 billion. Total turnover also fell from Monday’s Rs 4.61 billion. A total of 8.74 million units were traded across 62,665 transactions.
Ngadi Group Power Ltd topped the turnover chart with shares worth Rs 319.2 million. Laxmi Sunrise Bank and Radhi Bidyut Company Ltd were next with turnovers of Rs 111.48 million and Rs 99.12 million, respectively.
Nine sub-indices ended in the green while four posted marginal losses. The biggest gain came from the Hotels & Tourism sub-index, which was up by 0.88%. On the other hand, the Non-Life Insurance sub-index recorded the day’s steepest decline of 0.17%.
