KATHMANDU, May 20: The Nepal Stock Exchange (NEPSE) posted a notable recovery on Wednesday, gaining double digits after a series of declines in recent sessions.
The benchmark index rose by 30.08 points to close at 2,754.48 points, marking a positive turnaround in market sentiment.
All trading groups ended the day in the green, with the Hotel and Tourism and Hydropower sub-indices leading gains, both rising by 1.89 percent.
Nepse up for a fifth consecutive week
A total of 248 listed companies saw their share prices increase during the session, while 21 companies declined and one remained unchanged.
Among individual stocks, Upper Lohore Khola Hydropower hit a positive circuit breaker, reflecting strong investor demand. On the losing side, Corporate Development Bank saw the steepest decline, falling by 13.26 percent.
Market turnover also improved, rising to Rs 3.82 billion, up from Rs 3.08 billion in the previous trading day.
In terms of turnover volume, Corporate Development Bank led with Rs 183.5 million worth of shares traded, followed by Aankhu Khola Hydropower at Rs 177.8 million and API Power at Rs 113.4 million.
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