Sensitive Index, the indicator of share prices of Category ´A´ companies, also inched up by 0.17 points or 1 percent to 171.23 points. Float Index, which represents trading of ordinary shares, remained unchanged Tuesday.
However, share analysts said the gain in the stock market won´t last long amid the eroding investors´ confidence and fragile political situation.
NEPSE index, an indicator of investor confidence in the share market lost 8.88 points or 1.37 percent to end at 640.16 points Monday. The index had plunged 7.98 points to end at 649.04 points on Sunday, the first day of transactions.
Political instability plaguing the economic environment has also taken its toll on the country´s capital market.
NEPSE index has been on a downward journey for the last eight months on the back of controversial remarks from government official about the share market.
Contrary to general expectations, NEPSE could not recover even after most of the listed companies reported good economic performance in the third quarter.
During Tuesday´s trading, commercial banks and the hydropower group lost in their incides whereas development bank, insurance, finance and others groups gained marginally. A total of 44, 457 shares worth Rs 32.3 million were traded through 902 transactions on Tuesday. Total market capitalization reached Rs 411.08 billion.
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