KATHMANDU: After two days of strong gains, the Nepal Stock Exchange (NEPSE) recovered losses from the negative circuit and continued its upward momentum.

On Tuesday, the second trading day of the week, NEPSE rose by 58.36 points, following Sunday’s gain of 111.70 points, reaching 2,682.25 points.

On Tuesday, shares worth Rs 5.29 billion were traded. Out of the companies traded, 238 saw their share prices rise, while 14 experienced a decline.

Despite the rise in NEPSE, trading volume decreased compared to Sunday, when over Rs 9 billion worth of shares were exchanged.

Eight stocks traded at the positive circuit level, with shares of Saptakoshi Development Bank, Joshi Hydropower Development Company, Green Development Bank, Narayani Development Bank, Sindhu Development Bank, Bhugol Energy Development Company, Asian Hydropower, and Himstar Energy Company rising by 10 percent.

The biggest loser of the day was Prabhu Smart Fund, which fell by 4.30 percent.

Based on trading volume, Nepal Reinsurance Company led the market with shares worth Rs 3.86 billion exchanged.

Universal Power Company saw transactions of approximately Rs 1.85 billion, while Himalayan Distillery exceeded Rs 1.80 billion in trading value.

In Tuesday’s trading, investors in Saptakoshi Development Bank shares earned the highest profits, while those trading Prabhu Smart Fund shares suffered the largest losses.

All sector indices gained alongside the NEPSE rise.

The Life Insurance group index rose the most, by 3.48 percent, while the Hydropower sub-sector index increased by over 3 percent.