NEPSE edges up as turnover declines

The share market index NEPSE rose by nearly 4 points on Monday to reach about 2,595 points. On the first trading day of the week, the market rose for the third consecutive day, after gaining about 17 points the previous trading day.

Turnover fell to around NPR 4.46 billion on Monday from about NPR 4.83 billion the previous day. About 12.7 million shares of around 354 companies were traded on Monday. Prices rose for shares of about 105 companies, fell for about 165 companies, and remained unchanged for 7 companies.

By sub-index, the banking and trading groups rose by about 1 percent each. The development bank, finance and life insurance groups also advanced. Meanwhile, the hydropower, hotels and tourism, microfinance, investment and non-life insurance groups, among others, declined.

Dhaulagiri Microfinance's share price rose by about 15 percent, while Snow Reverse also advanced notably. Rizline Energy's price fell by about 6 percent, and Toksar Pikhuwakhola Hydropower's price dropped by about 5.5 percent. By turnover, Kumari Bank's shares led the market.