After declining for five straight days, the Nepal Stock Exchange (NEPSE) index surged 0.24% Tuesday, February 11, to close at 2,683.86 points. 

The market surged 2.62% last Sunday, followed by another modest gain the following day that pushed the index to 2,730. However, a downward trend ensued, with NEPSE losing 54.46% of the gains made between January 27 and February 3 during the period from February 3 to 10.

Trading activity improved on Tuesday, with daily turnover surpassing Rs 7.24 billion, up from over Rs 6.96 billion the previous day. More than 13.9 million shares changed hands in 72,094 transactions.

Among NEPSE’s three major indices, only the Float Index gained, rising 0.30%, while the Sensitive Index and Sensitive Float Index declined by 0.11% and 0.04%, respectively.

Sikles Hydropower Limited (SIKLES), Bhagawati Hydropower Development Company Limited (BGWT) and RASUWAGADHI HYDROPOWER COMPANY LIMITED (RHPL) became the  top gainers, hitting the upper circuit limit.  Following them, Guardian Micro Life Insurance Limited (GMLI) and Saptakoshi Development Bank Ltd (SAPDBL) saw surges of 9.99 percent and 8.52 percent, respectively.

On the other hand, Bhugol Energy Development Co Ltd (BEDC) led the losers, hitting the lower circuit limit.

CEDB Holdings Ltd (CHDC) led the market in turnover, followed by Nyadi Hydropower Ltd (NYADI) and United Modi Hydropower Ltd (UMHL).

Out of NEPSE’s 13 sub-indices, only five ended in the green, with the Development Bank Index leading the gains at 2.37%. The Trading Index suffered the steepest loss, slipping 1.05%.