NEPSE rises for fourth straight day, turnover also up

The Nepal Stock Exchange's index, NEPSE, closed higher for the fourth consecutive trading day.

On Tuesday, the second trading day of the week, NEPSE rose by about 4 points to reach nearly 2,600 points. On Monday too, the index had risen by about 4 points.

Along with the index, turnover also increased. While shares worth about Rs 4.46 billion were traded on Monday, on Tuesday about 13.5 million shares of nearly 350 companies were traded worth about Rs 4.74 billion.

Sub-indices of banking, development banks, investment and insurance groups rose, while the remaining groups fell. The life insurance sub-group climbed by nearly 1.75 percent.

Although the index rose, share prices of about 170 companies fell even as about 100 companies' shares gained. Sagarmatha Jalvidyut's share price rose by about 12.5 percent, while Snow River's share fell by about 15 percent.

Ghalemdi Hydro saw turnover of about Rs 365 million. Mountain Energy and Kumari Bank also recorded turnover of more than Rs 250 million each.