Hydropower shares push NEPSE index up as turnover reaches Rs 5.79 billion

Trading activities on the domestic share market saw an upward movement on Tuesday as the primary benchmark index edged higher by 0.94 points. Market participants focused heavily on electricity generation companies, propelling the sector to the forefront of the day's market gains. This buying momentum helped the overall index achieve a record high of 3,094.94 points. Along with the index increase, liquidity flowing through the trading platform expanded considerably. The total daily turnover climbed to NPR 5.79 billion, marking a substantial rise from the approximately NPR 4 billion recorded during the previous trading session on Monday. Sectoral movements were mixed across different industry groups. The hydropower sector recorded the most significant improvement, with its sectoral index increasing by 1.65 percent, translating to an addition of 59.05 points. In contrast, the life insurance sub-index experienced the largest decline of the day, plunging by 0.59 percent or 70.91 points.