After five consecutive days of decline, the Nepal Stock Exchange (NEPSE) Index closed in the green on Tuesday, April 6, rising by 1.03 points, or 0.03%, to settle at 2,611.43.
The index had declined 0.04% on Sunday and 0.38% on Monday. In the previous week, it fell 0.30% on Wednesday, 0.57% on Tuesday, and 0.54% on Monday.
Market sentiment has remained subdued amid delays in appointing the governor of the Nepal Rastra Bank, contributing to investor uncertainty. Analysts say this lack of clarity has hindered a stronger recovery.
Investor participation rose, with total turnover exceeding Rs 8.74 billion—up from over Rs 7.63 billion the previous day.
A candlestick chart for the day showed a green candle with a long upper wick and a small body, signaling the market attempted to rise but failed to sustain the upward momentum. Technical analysts suggest this pattern could indicate a possible reversal or consolidation ahead.
Out of 246 listed companies, 120 advanced while 126 declined.
Among the major sub-indices, the Sensitive Index and Sensitive Float Index gained 0.02% and 0.07%, respectively, while the Float Index slipped 0.03%.
Nepal Micro Insurance Company Ltd (NMIC) hit its upper circuit limit to lead the gainers. Crest Micro Life Insurance Ltd (CREST) and Om Megashree Pharmaceuticals Ltd (OMPL) followed closely, each rising 9.99% and 9.98%, respectively.
On the downside, Wean Nepal Laghubitta Bittiya Sanstha Ltd (WNLB) was the day’s worst performer, plunging 10%.
Sanima Mai Hydropower Ltd (SHPC) posted the highest turnover, followed by Ngadi Group Power Ltd (NGPL) and Radhi Bidyut Company Ltd (RADHI).
Of NEPSE’s 13 sector indices, five closed higher. The Trading Index led the gains with a 2.03% rise, while the Others Index posted the sharpest decline, down 1.58%.
