Nepal Stock Market Sees Mild Correction After Monday Surge

After surging with circuit breakers the previous day, the stock market saw a slight correction on Tuesday.

The NEPSE index dropped by 32.08 points (1.11%) to 2,843 points. Despite the decline, the market recorded a turnover of Rs 21.5 billion, the highest in the last seven and a half months, driven by profit-booking and aggressive buying from investors who had missed earlier opportunities.

Shares of 329 companies totaling 52.71 million units were traded through 205,611 transactions. Among them, 78 companies gained, 178 declined, and 5 remained unchanged.

Ngadi Group Power recorded the highest turnover with over Rs 1.09 billion in transactions. Meanwhile, Reliance Spinning Mills and Salpa Bikash Bank hit the upper circuit limit, while Himstar Urja saw the biggest drop, falling 6.36 percent. Market analysts say the correction is normal following the previous day’s sharp rise.