Kathmandu: The Nepal Stock Exchange (NEPSE) index saw a marginal recovery on Thursday, marking the second consecutive day of gains in what has been a volatile week for investors.
The benchmark index edged up by 8.78 points to close at 2661.71 points. This modest rise follows a more robust performance on Wednesday, when the market surged by 44.59 points. These two days of recovery provide some relief to market participants, coming on the heels of a gruelling seven-day losing streak that had previously dampened investor sentiment.
Trading activity witnessed a significant boost during the session, with the daily turnover exceeding Rs 4.11 billion. This represents a notable increase from Wednesday’s turnover of Rs 3.57 billion, indicating a rise in market participation and liquidity. The growth in volume suggests that investors are cautiously returning to the floor, actively trading as the market attempts to stabilize after the recent prolonged downturn.
Despite the overall index finishing in positive territory, the market breadth remained relatively weak, with more stocks declining than advancing. Out of the total companies traded, the share prices of 108 companies increased, while 152 companies saw their values drop.
The share prices of the remaining 13 companies remained unchanged. This mixed outcome reflects a polarized market where gains in specific high-cap stocks likely buoyed the index, even as the majority of individual scrips continued to face selling pressure.
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