Nepal’s stock market ended a three-day losing streak on Tuesday, December 23, with the Nepal Stock Exchange (NEPSE) index posting a modest gain – 0.12 percent, or 3.27 points, to close at 2,584.49.
A “hammer” candlestick pattern characterised by a small green body with a long lower shadow indicated a potential reversal in the recent downtrend, analysts said.
The benchmark index had fallen 0.53 percent on Monday, 0.76 percent on Sunday, and 0.40 percent last Thursday, after three days of gains.
Daily turnover, however, continued to decline. It stood at Rs 3.42 billion on Tuesday, down from Rs 3.51 billion on Monday. More than 7.66 million shares were traded through 92,746 transactions, compared to 9.16 million shares in 65,312 transactions the previous day.
Of the traded securities, 134 advanced, 117 declined and eight remained unchanged.
All three major sub-indices closed higher. The Sensitive Index gained 0.35 percent, the Float Index rose 0.07 percent, and the Sensitive Float Index increased 0.20 percent.
Among individual stocks, SY Panel Nepal Limited (SYPNL) led the gainers with a rise of 7.01 percent. Citizen Life Insurance Company Limited (CLI) was the biggest loser, falling 5.97 percent.
SY Panel Nepal Limited also led the turnover chart with transactions worth Rs 309.82 million, followed by Sagar Distillery Limited (SAGAR) and CEDB Holdings Limited (CHDC).
Of the 13 sectoral indices, six ended in the red. The Life Insurance index posted the steepest loss, down 0.78 percent. Among the gainers, the Others index led with a rise of 1.28 percent.
Total market capitalisation rose to Rs 4,339.85 billion from Rs 4,333.92 billion the previous day.
you need to login before leave a comment
Write a Comment
Comments
No comments yet.