KATHMANDU, Aug 4: After three consecutive days of decline, the share market showed signs of recovery on Monday, with the NEPSE index rising by 16.46 points to close at 2875.36 points. The market had fallen for three days straight, dropping a total of 144 points from a peak of 3002 points last Tuesday to 2858 points on Sunday.
During Monday's trading session, the market experienced fluctuations, dipping to a low of 2833 points around 1:12 PM and reaching a high of 2889 points by 2:34 PM.
Despite the increase in the index, the total trading volume fell compared to the previous day. Monday's transaction value was Rs 10.82 billion, down from NPR 13.07 billion on Sunday. Among listed companies, 140 saw their share prices increase, while 110 experienced a decline.
The banking sector led the gains with a 0.68% increase, followed by life insurance (0.43%), microfinance (0.56%), and hydropower (0.09%). Meanwhile, sectors like hotel and tourism (-0.39%), development banks (-0.06%), manufacturing and processing (-0.21%), non-life insurance (-0.53%), and finance (-0.82%) registered losses.
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Notable gainers included Sikles Hydropower (+5.73%), Swetganga Hydropower (+5.12%), Bindhyabasini Hydropower (+4.72%), and Machhapuchhre Bank (+4.51%). However, Trade Tower, which had surged 10% previously, dropped by the same margin today. Other significant decliners were Threestar Hydropower (-3.26%), Nepal Finance (-3.14%), and Saptakoshi Development Bank (-3.14%).
Among the most actively traded companies were Himalayan Reinsurance, Shivam Cement, Himalayan Distillery, Ngadi Group Power and Nepal Reinsurance.
