KATHMANDU, Oct 6: Nepal’s stock market rebounded on Tuesday after declining for two consecutive sessions, with the NEPSE index gaining 11.96 points to close at 2,578.73.
Most subgroups lifted the market, with the exception of microfinance and non-life insurance. The Trading subgroup posted the strongest gain, rising 0.82 percent.
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Share prices of 169 companies increased, led by Trishuli Hydropower, which gained 5.11 percent. Prices of 95 companies declined, while 15 remained unchanged. Sarbottam Paints recorded the biggest loss, falling 4.94 percent.
Despite the rise in the index, daily turnover declined. Shares worth Rs 3.1381 billion changed hands on Tuesday, down from Rs 3.27 billion on Monday.
Ghalemdi Hydropower recorded the highest turnover at Rs 239.1 million, followed by Liberty Energy with Rs 139.1 million.
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