Stock Market Sees Small Rise on Tuesday, Trading Volume Stays High

The stock market saw a slight rise on Tuesday (May 6), the third trading day of the week.

The NEPSE index went up by 1.03 points and ended the day at 2,611.43 points, with a very small increase of just 0.03 percent

A total of 318 companies were traded in 80,054 transactions. Over 20 million shares were bought and sold, and the total turnover reached about Rs. 8.74 billion.

Some sectors like hydropower, life insurance, manufacturing, non-life insurance and trading saw price increases. Among these, the trading sector performed the best. But prices in other sectors went down, with the finance sector losing the most.

Nepal Micro Insurance Company had the biggest gain, with its stock price going up by 10 percent. Crest Microfinance, Om Megashree Pharmaceuticals and Ridi Power also gained more than nine percent.

On the other hand, VIN Nepal Laghubitta’s stock price fell by 10 percent, the highest loss of the day. Stocks of Himalayan Power Partner, Saptakoshi Development Bank and Laxmi Value Fund also dropped.

Sanima Mai Hydropower had the highest amount of trading today.