Kathmandu: Nepal’s stock market staged a double-digit recovery on Tuesday amid sharp intraday fluctuations, with the NEPSE closing up by 19.70 points at 2,851.09.
The market initially dipped slightly before gaining momentum, climbing to around 2,856 points by 11:14 AM. However, the index soon reversed course, falling to as low as 2,789 points by 12:06 PM. Following continued volatility throughout the session, the market rallied in the final hours to close firmly in positive territory.
This rebound comes after two consecutive days of losses, with the index dropping 47.71 points on Monday and 71.05 points on Sunday.
Total turnover on Tuesday stood at Rs 11.11 billion, slightly lower than Monday’s Rs 12.68 billion.
Out of the traded stocks, share prices of 195 companies advanced, while 63 declined and 9 remained unchanged, indicating broad-based buying despite the volatile trend.
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