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Market

Turnover climbs to NRs 8.42 billion, SEBON assures rescue plan

The stock market rebounded on Tuesday; SEBON Chairman Bhatt pledges to introduce a capital market rescue plan and a broader reform roadmap within the next two days.

-the_farsight |

The NEPSE index rose 6.11 points, or 0.24%, to close at 2,576.29 on Tuesday, recovering from an intraday low of around 2,547 points. The gain followed Monday’s sharp decline, which had pushed the benchmark to its lowest level in nearly eight months.

Investor confidence appears to have improved after a group of investors met Securities Board of Nepal (SEBON) officials, urging immediate measures to stabilise the market. Bhatt said the board is preparing a time-bound action plan covering NEPSE restructuring, institutional reforms at SEBON, technology upgrades, and the introduction of new market instruments. He added that the roadmap would be released as early as Tuesday, or by Wednesday at the latest, after consultations with the Ministry of Finance.

Trading activity also strengthened, with daily turnover increasing to NRs 8.42 billion, up from NRs 7.46 billion in the previous session, marking the highest daily turnover in nearly three months.

Market breadth was positive, with share prices of 164 companies advancing, while 101 declined and 10 remained unchanged. All sectoral indices ended higher except Manufacturing and Processing, which slipped 0.18%. The Trading sector posted the strongest performance, gaining 1.47%.

Among individual securities, 9% Kamana Sewa Bikas Bank Debenture 2090 jumped 10.22%, while Samudayik Laghubitta Bittiya Sanstha fell 8.10%, the steepest decline of the session.

The most actively traded security was 10% Kumari Bank Debenture 2090, which recorded transactions worth NRs 527.1 million, highlighting continued investor interest in fixed-income instruments as the broader market recovered.

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