Tuesday’s Slide: NEPSE Down 39.44

The bullish momentum in the Nepali capital market took a breather on the second trading day of the week, Tuesday, as the NEPSE index closed in red territory. Following a three-day rally, the benchmark index plummeted by 39.44 points, settling at 2,744.40. The broader market sentiment remained cautious, reflected by the Sensitive Index falling by 5.15 points, while the Float and Sensitive Float indices dropped by 2.55 and 1.89 points, respectively. Despite the decline in the benchmark index, market liquidity showed resilience as the total turnover witnessed a marginal increase compared to the previous session. A total of 10,678,000 shares from 338 different companies were exchanged through 62,512 transactions, amounting to a total turnover of Rs 4.66 billion. This is a slight rise from Monday's turnover of Rs 4.61 billion, suggesting that while prices dropped, trading activity remained robust.