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Stock Market Sees Mild Rebound on Final Trading Day After Four-Day Decline

After four consecutive days of decline, the Nepali stock market witnessed a slight recovery on Friday, with NEPSE rising by 1.54 points to close at 2,788.70.

Nepalytix
5 min read
Stock Market Sees Mild Rebound on Final Trading Day After Four-Day Decline

The Nepali stock market, which had been declining for four consecutive trading days, showed a slight recovery on Friday, the final trading day of the week. The NEPSE index rose by 1.54 points to close at 2,788.70.

A total of 351 companies were traded today, out of which 87 recorded gains while 168 witnessed a decline in their share prices.

The total turnover reached 12,174,516 shares worth Rs. 5.27 billion. This represents an increase of around 3 percent compared to the previous trading day.

Sector-wise, commercial banks, development banks, hotels and tourism, hydropower, manufacturing and processing, and trading groups showed improvement. However, finance, investment, life insurance, microfinance, mutual funds, non-life insurance, and other sectors remained under pressure.

On the individual stock front, investors of Palpa Cement Industries, Shikhar Power Development, and Maikhola Hydropower gained the most. Meanwhile, Menthiyam Hydropower, NIBL ACE Capital (Fexi Cap), and SBL debenture investors suffered the highest losses

Nepalytix

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Stock Market Sees Mild Rebound on Final Trading Day After Four-Day Decline | Nepalytix